Sweden's Balder heralds plans for private placement of series B shares

Company may sell 6.7 million shares at price between SEK 42 and SEK 44

By Devika Patel

Knoxville, Tenn., Jan. 24 - Fastighets AB Balder said it plans a private placement of series B shares.

The company will sell up to 6.7 million shares. The subscription price will be set through a book-building process within the range of SEK 42.00 to SEK 44.00 per share.

Proceeds will be used to fund property acquisitions and for general corporate purposes.

Balder is a Stockholm-based real estate company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.