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ARTICLES TAGGED WITH "Doxa"

The new owner comments on Serneke's bankruptcy: "We are sorry"

Sweden Sweden — The problems were bigger than first thought. That is the reason given now that the owner, barely a month ago, Mutares is filing for bankruptcy for Serneke Sweden. Miikka Suominen, who is both acting CEO and Chairman of the Board, says that the company's financial situation had deteriorated significantly in the previous months, which is now leading the way towards bankruptcy for Ola Serneke's life's work.

Serneke Sweden files for bankruptcy

Sweden Sweden — Serneke Sverige AB files for bankruptcy at the Gothenburg District Court.

Balder acquires properties and apartments from Doxa

Sweden Sweden — Today, 30 December 2024, Fastighets AB Balder signed an agreement to acquire both the business area Doxa Fastigheter and apartments. The total property value of the transaction is approximately SEK 3.8 billion, around EUR 0.33 billion.

Exclusive interview with Ola Serneke: "The competitors sharpen their pencils"

Sweden Sweden — Ola Serneke describes himself as equal parts economist, engineer and entrepreneur. Now he can also call himself an author. In the book Högt över molnen, ‘High above the clouds’ he shares lessons learned, success and setbacks during the years he has been active in the industry. The hope he has with the book is that it will inspire and perhaps especially the younger generation who are entering the industry. The tips are aimed at those who aim high and who will thus be able to absorb his journey and the parts of his personality that have made the big dreams come true.

The CFO leaves Doxa

Sweden Sweden — CFO Patrik Melin is leaving Doxa at his own request and that Christian Lindgren will assume the role of acting CFO.

Doxa's CEO steps down: "Challenging times"

Sweden Sweden — In just four days, board member Ola Serneke and CEO Victor Persson have decided to leave Doxa. To Nordic Property News board chairman Greg Dingizian and Victor Persson explains what is behind the decisions.

Victor Persson leaves his position as CEO of Doxa

Sweden Sweden — Doxa announces that Victor Persson will leave his position as CEO of the company. Work on recruiting a new CEO will begin immediately. Kaj Grönvall steps in as acting CEO.

Ola Serneke leaves the board at Doxa

Sweden Sweden — Doxa announces that Ola Serneke is leaving the company's board at his own request. He refers to other commitments. Ola Serneke has been on the board since the annual general meeting this year.

German investor acquires Serneke Sverige from Doxa's Serneke Group

Sweden Sweden — Mutares has signed an agreement to acquire Serneke Sverige from Serneke Group.

How Doxa will work to realise the values in Serneke

Sweden Sweden — Doxa's CEO Victor Persson is dissatisfied with the company's negative results during the first quarter and the write-downs in Serneke that they are forced to make, but he takes note of the positive sale of the building rights in Karlastaden and he believes that the transaction market is very close to a turnaround. Here he tells more about this in an interview with Nordic Property News.

Doxa's Chairman declines re-election

Sweden Sweden — Doxa announces that Per Ekelund, who has been a board member since 2021 and chairman of the board since 2023, declines re-election to the board. He therefore also intends to leave other board assignments within the Doxa Group. Greg Dingizian is proposed as new chairman of Doxa.

Doxa writes down the value of Serneke

Sweden Sweden — Doxa announces that the company will report a lower full-year result compared to what was previously communicated in the company's year-end communiqué for 2023.

Ola Serneke steps down as CEO of Serneke Invest

Sweden Sweden — In connection with Doxa's review of the management structure within Serneke Invest, the company announces that Ola Serneke will leave his operational role as CEO. This change is a direct consequence of the ongoing separation of Serneke's contracting and project development operations, which has initially concentrated on making the contracting company independent. The next step in this process focuses on optimizing the collaboration between Doxa and Serneke Invest to create increased value and efficiency. With Ola Serneke's planned entry into Doxa's board at the end of April, Doxa and Serneke choose to implement this natural change before Ola Serneke's transition to board work.

Karlastaden deal completed

Sweden Sweden — Balder and Serneke have completed the sale of building rights in Karlastaden, Gothenburg, to Förvaltnings AB Framtiden.

Framtiden's CEO on the major acquisition in Karlastaden: "Careful agreement"

Sweden Sweden — On Monday, a dialogue lasting several months between public municipally owned AB Framtiden and Doxa, Balder and Serneke resulted in an agreement on a transaction in Karlastaden in Gothenburg. The deal is in the SEK 1 billion range (approximately EUR 86 million) and for Framtiden it means the opportunity to build between 300 and 400 homes. CEO Terje Johansson reveals more about their reasoning behind seeking out the troika in Karlastaden. He also comments on the turmoil in the municipally owned company Poseidon at the beginning of the year.

Ola Serneke's unexpected new dream project: "Really big"

Sweden Sweden — Heart and brain, these are two qualities that have been driving forces for Ola Serneke in the big investment he made in growing Serneke into the company it is today. Now that it is getting close to the year after the Doxa deal, he talks about what plans and dreams he has going forward.

Serneke and Balder sell 151,000 sqm of building rights in Karlastaden to Framtiden

Sweden Sweden — Serneke and Balder sell approximately 151,000 square meters of building rights in Karlastaden to Gothenburg's public property group AB Framtiden. The deal consists partly of two blocks that are transferred to 100 percent, and partly of four blocks that are transferred to 74 percent, with Serneke and Balder as continuing co-owners of 26 percent. The purchase price amounts to approximately SEK 1 billion and also includes a unilateral option to buy back the building rights in the four part-owned blocks no later than September 2027. The deal is expected to have a neutral profit effect for Doxa.

Doxa to lay off 25 Serneke employees

Sweden Sweden — The forms for Doxa's planned division of Serneke into two separate companies, one for contracting and one for property development, have now been decided, the company announces. With this, Serneke Group AB's group functions cease, which affects a total of approximately 75 employees, of which approximately 25 positions will disappear through notice of termination due to a lack of work, the company writes in a press release.

This is how Doxa will increase the value of Serneke

Sweden Sweden — CEO Victor Persson talks about why the valuation of Serneke went up over 200 million after the acquisition, the strengths of Karlatornet and how Doxa will realize maximum value in the previously listed company.

They could join Doxa – the arenas proposed to be dedicated for Eurovision

Sweden Sweden — Malmö Arena will host the heats and the final of next year's Eurovision Song Contest held in Malmö. But more premises are needed for such a huge event to be carried out, and the city office will therefore be tasked with negotiating venue agreements for the two other main arenas for the event. Nordic Property News gives you more details about the proposed arenas and the property owners.

Serneke concentrates the business – closes local offices up North

Sweden Sweden — Serneke Sweden is implementing changes in its contracting operations which will result in the Middle and North regions ceasing to be part of the company's regional structure.

Doxa calls for compulsory redemption – Serneke applies for delisting

Sweden Sweden — Doxa, which after completion of the public takeover bid holds more than 90 per cent (excluding the shares owned by the company itself), of the shares and votes in Serneke Group has called for compulsory redemption of the remaining shares in Serneke.

Ola Serneke after the takeover: "There has been plenty of questions about Doxa"

Sweden Sweden — This Monday, the bid was completed which has now meant that Doxa has taken over more than 90 percent of Serneke Group. Ola Serneke, founder and previous CEO, says to Nordic Property News that it will be fun to enter a new and larger context.

Doxa's CEO: "A Friendly Offer after Close Dialogue"

Sweden Sweden — Doxa's CEO Victor Persson tells Nordic Property News about the work leading up to the company's billion-dollar bid for Serneke, why a takeover attracts so much and Karlatornet's part in Serneke's attractiveness.

Ola Serneke: "We Were a Company That Never Gave Up"

Sweden Sweden — Yesterday it became clear that Doxa has submitted a takeover offer for Serneke Group. Ola Serneke, founder of Serneke, says to Nordic Property News that he is positive to the offer that means that company can get a broad and stable owner base. Now Jan C Johansson, Serneke group's chairman, also comments on the potential takeover "We didn't contact Doxa".