Swedish Landlord SBB Weighs Breakup After Property Slump
- SBB exploring options that will maximize shareholder value
- Share price has dropped more than 90% since peak in 2021
This article is for subscribers only.
The embattled company at the center of Sweden’s property crisis is considering breaking itself up after its shares collapsed amid mounting concerns over the firm’s $8 billion debt pile.
SBB — as Samhallsbyggnadsbolaget i Norden AB is more commonly known — has initiated a strategic review that could result in “a sale of the company, business segments, or specific assets, as well as other strategic transactions,” the board of directors said in a statement. Selling new shares is not in the scope of the review.