Amasten Fastighets AB (OM:AMAST) acquired 29.55% stake in SSM Holding AB (OM:SSM) from Eurodevelopment Holding for approximately SEK 120 million.

Neobo Fastigheter AB (publ), formerly Amasten Fastighets AB (publ), is a Sweden-based real estate company, that long-term manages and refines rental properties in several locations in Sweden. The Company’s business concept is based on managing and refining properties in Swedish municipalities with population growth, employment rate and a stable rental market. The Company strives to be a reliable long-term landlord for people in Sweden and works with sustainability to contribute to the good development of society. Its property portfolio consists of 8,381 apartments distributed over 268 properties. Residential properties account for 97 percent of the property portfolio’s market value and the remaining market value is made up of other properties.