Heimstaden Bostad to Raise SEK 4 Billion in Equity

Magnus Nordholm.

Image: Lasse Åkerström

Heimstaden Bostad to Raise SEK 4 Billion in Equity

Sweden — Heimstaden Bostad AB announces that authority has been granted by the shareholders, at an extraordinary general meeting held on 8 January, to raise an additional SEK 4 billion in equity through a directed new share issue towards existing shareholders, Heimstaden, Alecta, Ericsson and Folksam Group. The issue will be completed on 12 January 2021.

2021-01-11

The new equity will contribute to strengthen Heimstaden Bostad’s financial position and support the company’s strategy for continued operational improvement and responsible growth throughout attractive European markets.

“We are pleased that our long-term institutional investors continue to demonstrate their trust and confidence in Heimstaden Bostad’s strategy and outlook. This share issue will ensure the financial strength and flexibility necessary to continue to execute on opportunities within the attractive European residential real estate market,” said Magnus Nordholm, Deputy CEO of Heimstaden.

Alecta will subscribe for SEK 2.2 billion in the issue, Heimstaden for SEK 1.5 billion, Folksam Group for SEK 217 million and Ericsson for SEK 75 million.

Anthon Näsström

[email protected]