Refile: Sweden's Oscar Properties sells at discount to pay creditors

Oscar Properties Holding AB

15/01/2024 14:32

(Adds missing word 'said' in 3rd paragraph)
       Jan 15 (Reuters) - Sweden's Oscar Properties  OP.ST 
said on Monday it has agreed to sell real estate for 2.2 billion
Swedish crowns ($213.70 million) to repay loans from Norwegian
bank DNB  DNB.OL  and other junior creditors.
    The real estate involved in the forced sale has an estimated
value of about 3 billion crowns, Oscar Properties said in a
statement.
    "We would have liked to have continued to own these
properties, but our senior bank DNB wanted to have its loans
repaid," CEO Carl Janglin said.
($1 = 10.2950 Swedish crowns)

 (Reporting by Greta Rosen Fondahn; editing by Terje Solsvik)
 ((Greta.RosenFondahn@thomsonreuters.com))