Swedish real estate company Oscar Properties postpones quarterly earnings release (updated)

Oscar Properties Holding AB

16/02/2024 14:18

(Adds background)
       COPENHAGEN, Feb 16 (Reuters) - Swedish real estate
company Oscar Properties  OP.ST  said on Friday it would
postpone the release of its fourth-quarter earnings report to
April 4, adding that it had faced several challenges over a
period of time. 
    Oscar Properties in January was forced to sell real estate
at a discounted price of 2.2 billion Swedish crowns ($209.86
million) to repay loans from Norwegian bank DNB and other
smaller creditors.
    Property company DSAM Sverige on Monday applied for the
bankruptcy of Oscar Properties, sending the company's shares
down 42%. Oscar Properties intends to contest the bankruptcy
application, it said.
        Brf Innovationen in January filed for Oscar Properties
to be declared bankrupt, but the application was 
    later withdrawn
    .
  
        
  

($1 = 10.4832 Swedish crowns)

 (Reporting by Greta Rosen Fondahn, writing by Louise Breusch
Rasmussen, editing by Stine Jacobsen and Essi Lehto)
 ((Louisebreusch.rasmussen@tr.com; +45 21 27 97 79;))