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KLARA B Klarabo Sverige AB News Story

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Brief: Klarabo To Merge With Sveafastigheter

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;))

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