Swedish real estate group Balder raises $112 mln in equity

Fastighets AB Balder

13/02/2024 06:35

OSLO, Feb 13 (Reuters) - Stockholm-listed real estate
group Balder  BALDb.ST  said late on Monday it had raised 1.17
billion Swedish crowns ($112.38 million) in equity from
institutional investors AMF and Swedbank Robur.
    The company sold 18 million new shares at 64.85 Swedish
crowns each, slightly below Monday's closing price of 65.10
crowns on the Nasdaq Stockholm stock exchange.
    Balder now plans to buy back up to 200 million euros
($215.30 million) of hybrid capital it has issued, around half
the outstanding amount, the group said.

($1 = 10.4110 Swedish crowns)
($1 = 0.9289 euros)

 (Reporting by Terje Solsvik, editing by Stine Jacobsen)
 ((terje.solsvik@thomsonreuters.com; +47 918 666 70;))