Oscar Properties tumbles after report it faces new bankruptcy application

Oscar Properties Holding AB

12/02/2024 12:12

** Shares in Sweden's Oscar Properties  OP.ST  tumble more
than 30% after local a media report that the real estate group
faces a new application for it to be declared bankrupt
    ** Swedish newspaper Expressen reported on Monday that
property company DSAM Sverige AB 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be declared bankrupt, the application was later withdrawn 
    ** Oscar Properties could not immediately be reached for
comment
    ** If losses hold, the stock will see its biggest single-day
drop ever

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