May 18 (Reuters) - KlaraBo Sverige AB KLARAb.ST:
KLARABO TO MERGE WITH SVEAFASTIGHETER, WHICH ACQUIRES A PROPERTY PORTFOLIO FROM SBB, CEMENTING THE POSITION AS NASDAQ STOCKHOLM'S LARGEST LISTED RESIDENTIAL PROPERTY COMPANY
SHAREHOLDERS TO RECEIVE 9 SVEAFASTIGHETER SHARES FOR EVERY 22 KLARABO SHARES
BOARD TO PROPOSE CONDITIONAL EXTRAORDINARY DIVIDEND OF SEK 1.40 PER SHARE
TO BUY PROPERTY PORTFOLIO OF ABOUT 4,100 APARTMENTS FROM SBB
DEAL EXPECTED TO GENERATE ANNUAL COST SYNERGIES OF AT LEAST SEK 120 MILLION
MERGER CONSIDERATION IMPLIES KLARABO EQUITY VALUE OF ABOUT SEK 2,035 MILLION
TO PAY FOR SBB PORTFOLIO WITH 32,600,001 CLASS A AND 74,997,402 CLASS B SHARES
SHAREHOLDERS TO HOLD ABOUT 20%-35% OF COMBINED COMPANY SHARES
Source text: ID:nMFN1TBSzJ
Further company coverage: [KLARAb.ST]
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com;))