Brief: SBB Sells Properties In Exchange For 31.6 Mln Shares In PPI

Public Property Invest ASA

29/04/2024 08:14

April 29 (Reuters) - Public Property Invest ASA
 PUBLI.OL :
    * HAS, IN CONNECTION WITH LISTING, SOLD PROPERTIES WITH BOOK
VALUE
OF SEK 1.7 BILLION IN EXCHANGE FOR 31.6 MILLION SHARES IN PPI
    * CEO: ARE PURCHASING ADDITIONAL SHARES IN CONNECTION WITH
LISTING
AND LOOK FORWARD TO SUPPORTING PPI AS A LONG-TERM OWNER AND
PARTNER
    * SBB OWNED 44.8 PERCENT OF SHARES IN PPI BEFORE TRANSACTION
AND
WILL OWN 33.71-36.26 PERCENT OF SHARES IN PPI AFTER TRANSACTION
    * TRANSACTION IS PRELIMINARILY ESTIMATED TO HAVE AN EFFECT
ON
EARNINGS OF SEK -0.6 BILLION
    * HAS ALSO PURCHASED AN ADDITIONAL 11.7 MILLION SHARES IN
IPO AT A
PRICE OF NOK 14.5 PER SHARE

Source text for Eikon:  ID:nWkr96FH9L 
Further company coverage:  PUBLI.OL 

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