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Swedish property group SBB said one of its creditors has requested it immediately repay a bond after claiming it was in breach of a debt term, an allegation it said it rejected. The...
SBB did not identify the bond holder, but a person familiar with the case told Reuters the request came from U.S. hedge fund Fir Tree Partners.
Nordic property companies are likely to further write down the value of their real estate in the upcoming results season, analysts said, as rapidly rising interest rates have taken their toll on...
SBB: CEO Leiv Synnes said the company's sale of control in a schools property business to Canadian investor Brookfield was just the start of a sweeping overhaul of its operations, and that selling a minority or controlling stake in its residential arm could be next.
Property group SBB has agreed to sell one of its properties to a Swedish municipality for 191 million Swedish crowns as part of its drive to reduce debt. SBB is scrambling to bolster...