“Our relations with Nordic municipalities are of the utmost importance and we have said that we are open to dialogues with municipalities that want to acquire properties and where the municipality can act quickly. This is our second municipal deal during the second quarter and we have several dialogues with Swedish municipalities about further deals, says Leiv Synnes, SBB’s CEO, in a press release.
Synnes recently took over the management role from founder Ilija Batljan.
SBB intends to use the net proceeds from the transaction to strengthen the company’s liquidity and financial position, according to the press release.