September 27, 2013 - Assignment

Glitnir sells Bovista to Fastighets AB Balder

Glitnir Bank Luxembourg SA has divested Bovista Invest AB with subsidiaries to Fastighets AB Balder. The underlying property value in the transaction is approximately SEK 2 billion.

Bovista is a residential property group which owns 4 300 apartments in seven cities, of which Gothenburg and Västerås account for 60% of the total property value. The transaction is subject to competition authority approval and the closing will take place as soon as such approval has been obtained.

Glitnir Bank Luxembourg has been advised by Mannheimer Swartling in the transaction. Mannheimer Swartling’s team included Johan Granehult and Per Åsbrink (real estate) and Zoran Stambolovski (financing).