Oscar Properties sinks after another bankruptcy application

Oscar Properties Holding AB

12/02/2024 14:31

(Adds Oscar Properties statement, updates share move)
   ** Shares in Sweden's Oscar Properties  OP.ST  drop around
more than 20%, paring some earlier losses, after the real estate
firm said it would contest bankruptcy application filed by DSAM
Sverige
        ** The stock slumped as much as 42% earlier after
Swedish newspaper Expressen reported that DSAM Sverige has
applied for the bankruptcy of Oscar Properties
  
    ** In January, Brf Innovationen filed for Oscar Properties
to be declared bankrupt, the application was later withdrawn 
    ** The stock is down 24% as of 1416 GMT and if losses hold,
it will see its biggest single-day drop ever

 (Reporting by Greta Rosen Fondahn, Boleslaw Lasocki)
 ((Greta.RosenFondahn@thomsonreuters.com))