Akelius Residential Property AB (OM:AKEL D) completed the acquisition of a 11.6% stake in Castellum AB (OM:CAST) from M2 Asset Management AB.
October 11, 2022
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Akelius Residential Property AB (publ) (OM:AKEL D) agreed to acquire a 11.6% stake in Castellum AB (publ) (OM:CAST) from M2 Asset Management AB (publ) for SEK 4.6 billion on October 6, 2022. Akelius will pay SEK 115 cash per share for 40 million shares, representing 11.57% stake in Castellum. Following this transaction, M2 Asset Management will be holding 6.63% stake and Akelius Residential will old 11.57% stake in Castellum. The settlement is expected to take place on October 10, 2022.
Akelius Residential Property AB (publ) (OM:AKEL D) completed the acquisition of a 11.6% stake in Castellum AB (publ) (OM:CAST) from M2 Asset Management AB (publ) on October 11, 2022. As a result of change in ownership of Castellum, Patrik Essehorn, appointed by Corem Property Group, has made his seat on the nomination committee available to major shareholders. After the change, the Nomination Committee will consist of Ralf Spann, Patrik Tillman, Johannes Wingborg, Helen Fasth Gillstedt, and Per Berggren, Chairman of the Board of Directors.
Akelius Residential Property publ AB, formerly Akelius Residential publ AB, is a Sweden-based company active in the real estate sector. It purchases, develops, upgrades and manages residential properties. The Company operates in Sweden, Germany, Canada, the United States and France. Its portfolio includes approximately 41 thousand apartments, located in larger cities, such as Toronto, New York, Hamburg, Berlin, Paris, Stockholm and Gothenburg, among others. The Company's policy is based on the cherry picking strategy, comprising small purchases of apartments with renovation potential, located in developing cities, districts and suburbs; the upgrade of rental apartments to First Class, the standard level of newly built flats; and the sale of turnkey properties. The Company is a parent entity of the Akelius Fastigheter group.
AKELIUS RESIDENTIAL PROPERTY AB 