SBB shares surge lend support to Swedish real estate sector
02/06/2023 10:14
** SBB SBBb.ST shares surge around 30%, and are set for their
biggest daily jump in six years on media reports the embattled
Swedish landlord has attracted interest from Canadian investor
Brookfield
** SBB said last week it is broadening a strategic review to
include the options of a potential sale of the whole company or
some of its business segments
** Bloomberg reports on Friday Brookfield Asset Management
is one of the investors involved in early-stage deal talks
** Swedish landlord Balder BALDb.ST , Castellum CAST.ST ,
Fabege FABG.ST , Wihlborgs Fastigheter WIHL.ST , Sagax
SAGAa.ST , Wallenstam WALLb.ST shares are between 8.7% and 5%
higher
** Soaring rates and falling property values are squeezing
real estate firms in Sweden
** Shares in SBB, which have fallen more than 70% last year
and 75% this year, are up 27% at 0900 GMT.
(Reporting by Joice Alves; Editing by Amanda Cooper)
((Joice.alves@thomsonreuters.com))