SBB bondholder drops lawsuit against the property group

Samhallsbyggnadsbolaget I Norden AB

13/01/2025 08:39

STOCKHOLM, Jan 13 (Reuters) - Sweden's SBB  SBBb.ST 
said on Monday that its creditor U.S. hedge fund Fir Tree
Partners would end its legal proceedings in relation to
recovering its remaining 7.5 million euros of notes ($7.67
million) from the property group.
    Reuters reported in November that U.S. hedge fund Fir Tree
Partners was accelerating its notes and starting proceedings
against SBB for debt recovery.
    Fir Tree and SBB did not immediately respond to a request
for comment.

($1 = 0.9775 euros)

 (Reporting by Marie Mannes and Louise Breusch Rasmussen,
editing by Stine Jacobsen)
 ((Louisebreusch.rasmussen@tr.com; +45 21 27 97 79;))