SBB jumps after Aker deal

Samhallsbyggnadsbolaget I Norden AB

13/05/2025 08:41

Corrects stake size in 2nd bullet point.

** Shares in SBB SBBb.ST jump around 22% to their highest since February after the Swedish real estate group announced a deal to acquire shares in Public Property Invest PUBLI.OL

** Under the deal with Aker Property Group, it will issue new shares to Aker, making it its biggest shareholder with a 9.08% stake

** Pareto Securities analyst Emil Ekholm and Arctic Securities' Michael Johansson point to the deal as the reason for the move

** "My first impression is that this deal should strengthen both SBB and Public Property," says Carlsquare analyst Bertil Nilsson

** The stock will see its best day since December 2024, if gains hold

 (Reporting by Vera Dvorakova)

 ((vera.dvorakova@thomsonreuters.com))