Samhällsbyggnadsbolaget i Norden AB (publ) (OM:SBB B) entered into an agreement to acquire an additional 62.65% majority stake in Solon Eiendom ASA (OB:SOLON) from Runar Vatne, Dukat AS, Hortulan AS, Skøien AS, Vatne Equity AS and UFI AS for NOK 2.2 billion on November 9, 2021. Samhällsbyggnadsbolaget will acquire 51,106,538 shares of Solon Eiendom. Runar Vatne will sell 3,426,456 shares, Vatne Equity AS will sell 13,688,530 shares, Hortulan AS will sell 14,814,701 shares, UFI AS will sell 6,625,790 shares, Dukat AS will sell 2,835,603 shares and Skøien AS will sell 9,715,458 shares under the transaction. The transaction is financed in half through an issue of 17,035,513 Class B shares at a subscription price of SEK 66 (NOK 65.52) per share and the remaining SEK 1.124343836 billion (NOK 1.116082157 billion) is financed by Samhällsbyggnadsbolaget realising certain financial assets. Post transaction, Samhällsbyggnadsbolaget will hold 68,005,231 shares in Solon Eiendom corresponding to 83.36% of the shares and votes and sellers will not held any stake in Solon Eiendom. The acquisition will trigger an obligation for Samhällsbyggnadsbolaget to make a mandatory offer pursuant to section 6-1 of the Norwegian Securities Trading Act.

Completion of the acquisition is intended to take place on November 24, 2021. Arctic Securities AS acted as financial advisor and Advokatfirmaet Thommessen AS acted as legal advisor to Samhällsbyggnadsbolaget i Norden AB. ABG Sundal Collier Holding ASA (OB:ABG) acted as financial advisor and Advokatfirmaet Schjødt As acted as legal advisor to Runar Vatne, Dukat AS, Hortulan AS, Skøien AS, Vatne Equity AS and UFI AS.