Samhällsbyggnadsbolaget i Norden AB (publ) (OM:SBB B) made an offer to acquire remaining 11.89% stake in Solon Eiendom ASA (OB:SOLON) for approximately NOK 430 million on December 22, 2021. Samhällsbyggnadsbolaget shall pay an offer price of NOK 44 per share during the tender offer period from December 23, 2021 to and including January 20, 2022. Pursuant to the offer, parties has on December 29, 2021 entered into a share sale agreement with Solon Eiendom Holding AS.

Pursuant to the share sale agreement, SBB will sell and Solon Eiendom Holding AS will acquire 2,503,635 shares in Solon Eiendom ASA. As a result, Solon Eiendom Holding AS will own 73,539,469 shares in Solon Eiendom ASA, representing 90.146% of the shares. Solon Eiendom Holding AS is owned 49.5% by each of OBOS and SBB respectively, while and representatives from Solon management own 1%.

The offer has been approved by the Oslo Stock Exchange in its capacity as take-over supervisory authority. As of January 10, 2022, Samhällsbyggnadsbolaget intends to carry out the compulsory acquisition as soon as possible after the offer period for the mandatory offer made by SBB has expired. Arctic Securities AS is acting as financial advisor and receiving agent to SBB in connection with the settlement of the Offer.

Advokatfirmaet Thommessen AS is acting as legal advisor to SBB in connection with the Offer.