Troubled Swedish landlord gets USD 720m cash boost in Brookfield deal
Struggling Swedish landlord SBB took a major step toward stabilizing its finances after agreeing to sell a further stake in a portfolio of school buildings to Canada’s Brookfield Asset Management.
By Charles Daly and Anton Wilen / Bloomberg
Samhallsbyggnadsbolaget i Norden AB — as SBB is officially known — agreed to sell a 1.16% holding in the education division to Brookfield, making the Canadian investor the majority shareholder after it already owned 49% of the unit called SBB EduCo AB.
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