The Board of Hemfosa Fastigheter AB (publ) (OM:HEMF) agreed to spin-off Nyfosa AB on August 13, 2018. The shareholders of Hemfosa Fastigheter AB will receive one share of Nyfosa AB for each share held in Hemfosa Fastigheter AB. Nyfosa AB had revenue of SEK 1.03 billion, earnings before interest and tax of SEK 738 million, net income of SEK 1.21 billion and profit before tax of SEK 1.39 billion for the year ended December 31, 2017. The deal is subject to approval of the shareholders and bondholders of Hemfosa Fastigheter AB as well as approval of the Swedish Financial Supervisory Authority. The Board of Hemfosa Fastigheter AB approved the deal. As of August 29, 2018, the bondholders approved the deal. As of September 13, 2018, the shareholders of Hemfosa Fastigheter AB approved the deal. The record date for the distribution will be in November 2018. As of November 5, 2018, the record date for distribution will be November 21, 2018. The deal is expected to be completed in the fourth quarter of 2018. SEB Corporate Finance and Swedbank Corporate Finance acted as financial advisors and Advokatfirman Cederquist acted as legal advisor to Nyfosa AB.

Hemfosa Fastigheter AB (publ) (OM:HEMF) completed the spin-off of Nyfosa AB on November 23, 2018. Nyfosa AB will start trading of its shares on the main market of Nasdaq Stockholm.