SBB has entered into an agreement with Eiendomsspar to acquire Eiendomsspar’s 63,909,488 ordinary shares of class A in Amasten, corresponding to 8.5 percent of the shares and votes in Amasten. The purchase price shall be paid in cash and corresponds to a total cash consideration of SEK 849,996,190.40. SBB has also entered into an agreement with Helene Sundt AS to acquire Helene Sundt’s 18,000,000 ordinary shares of class A in Amasten, corresponding to 2.4 percent of the shares and votes in Amasten. The purchase price shall be paid in cash and corresponds to a total cash consideration of SEK 239,400,000. The transactions are expected to close on 30 November 2021.
Together with the agreed acquisitions which were announced on 18 November 2021, SBB has in total entered into agreements to acquire 347,320,242 ordinary shares of class A in Amasten, corresponding to 46.2 percent of the shares and votes in Amasten.
As of today, SBB controls approximately 3 percent of the shares and votes in Amasten. In addition, 15 percent of the shares and votes in Amasten are held through a total return swap (TSR) for which SBB may exercise rights after the arrangement has been concluded. Taking this into account, and after all shares subject to the Transactions have been taken into possession, SBB will control approximately 64 percent of the shares and votes in Amasten. Amasten is listed on Nasdaq First North Premier Growth Market.
Taking possession of shares that entails that SBB achieves a shareholding representing at least three tenths of the voting rights of all shares in Amasten will, in accordance with the takeover rules for certain trading platforms, trigger an obligation for SBB to make a public offer for the remaining shares in Amasten.
The Offer shall, in accordance with the Takeover Rules, be made within four weeks from the time the time when the obligation for SBB to make a public offer arose. When the Transactions have been completed, SBB will announce such completion and thereafter intends to make the Offer within the time limits stipulated in the Takeover Rules and in accordance with the provisions of the Takeover Rules.