Dagon Sverige Ab made an offer to acquire remaining 88.9% stake in A Group Of Retail Assets Sweden AB (publ) (OM:AGORA B) from consortium of sellers for approximately SEK 840 million on October 4, 2018. The sellers include Kvalitena AB (publ) which will sell 10.2% stake, Lansforsakringar Fondforvaltning AB will sell 6.5% stake, Fastighets AB Balder (publ) will sell 8.8% stake, Kåpan Pensioner will sell 14.6% stake, M2 Asset Management AB (publ) will sell 18.3% stake, Sterner Stenhus AB will sell 5.3% stake, Solisto S.A. will sell 3.2% stake, Lipid Ab will sell 1.9% stake, P&E Fastighetspartner AB will sell 0.72% stake and D. Carnegie & Co AB (publ) intends to sell 9.9% stake to Dagon Sverige. Pursuant to the terms, Dagon will pay SEK 30 in cash per ordinary Class A and Class B share and SEK 275 per preference share. Dagon will acquire 4.7 million ordinary Class A shares, 23.2 million ordinary Class B shares and 0.36 million preference shares. Shareholders holding approximately 4.7 million Class A shares, 21.8 million Class B shares and 0.12 million preference shares in Retail Assets Sweden AB have irrevocably undertaken to accept the offer. In the event, Dagon become owner of more than 90% of the outstanding shares then it will commence a compulsory acquisition to acquire remaining shares and will de-list Retail Assets Sweden AB. Dagon will finance the transaction from cash and the available credit facilities to Klövern AB, parent of Dagon. As of November 14, 2018, A Group Of Retail Assets has applied for de-listing. As of November 20, 2018, the application is approved by Nasdaq First North. The last day for trading of shares is December 4, 2018.

The transaction is subject to Dagon receiving acceptance for more than 90% of the outstanding shares, and receipt of all necessary governmental clearances, including from competition authorities. The transaction is not subject to any financing conditions. Dagon expects the relevant clearances to be obtained prior to the end of acceptance period. As of October 24, 2018, the deal has been approved by the Swedish Competition Authority. As of November 13, 2018, all the conditions to the deal have been satisfied and the offer became unconditional. The acceptance period is expected to commence on October 12, 2018 and will end on November 9, 2018. The settlement date is around November 16, 2018. As of November 13, 2018, the acceptance period is extended till November 23, 2018.

Swedbank AB and JLL Tenzing Capital Markets acted as financial advisors while Dain Hård Nevonen, Rikard Lindahl, Malte Hedlund, Anna-Karin Alin, Grant McKelvey and Alva Hägglund of Advokatfirman Vinge KB acted as legal advisors to Dagon and Klövern. Pontus Enquist and Erik Persson of Roschier acted as legal advisors to A Group Of Retail Assets Sweden AB.