Fastator sells SBK Svenska Bostadskompaniet, 20% above book value
Fastator has entered into an agreement to sell its holding in SBK Svenska Bostadskompaniet AB at a value approximately 20% above book value as at 31 March 2022.
The sale represents an increase in value of approximately 60% of Fastator's shares since the investment in February 2021. As a result of the sale, Fastator will receive approximately SEK 140 million in cash.
The transaction is based on an underlying property value of approximately SEK 630m. The buyer is Gladsheim Fastigheter and the closing date is 30 June 2022.
- Fastator , together with other shareholders, has built a very attractive property portfolio in a short period of time, which we now choose to sell with a good return. I would like to take this opportunity to thank the other owners and also the board members for a good cooperation and a good investment, comments Knut Pousette, CEO of Fastator.