SBB offshoot Public Property Invest slides in trading debut

Public Property Invest ASA

29/04/2024 08:27

** Shares in Public Property Invest  PUBLI.OL  (PPI) fall
more than 4% to NOK 13.88 in their market debut on the Oslo
Stock Exchange
    ** PPI, partly owned by indebted Swedish real estate group
SBB  SBBb.ST , is a Norway-based real estate group with a
portfolio valued at around NOK 9.98 billion ($906 million)
    ** PPI stock was priced at NOK 14.50 per share in its
initial public offering
    ** SBB owns 36.26% of shares in PPI after it sold properties
in exchange for shares

($1 = 11.0146 Norwegian crowns)

 (Reporting by Boleslaw Lasocki)
 ((boleslaw.lasocki@thomsonreuters.com; +48 58 769 66 00;))