Samhällsbyggnadsbolaget i Norden AB (publ) (OM:SBB B) (“SBB”) made an offer to acquire remaining 51.1% stake in Amasten Fastighets AB (publ) (OM:AMAST) (“Amasten”) for SEK 5.1 billion on December 20, 2021. As part of the consideration, SBB will acquire all ordinary shares of class A at a price of SEK 13.3 in cash per Ordinary Share and all preference shares of class B in Amasten at a price of SEK 350 in cash per Preference Share. The transaction will be financed by available funds and existing credit facilities. As of December 21, 2021, Swedish Competition Authority approved the transaction. The acceptance period of the offer commences from December 21, 2021 and expires on January 18, 2022. Settlement is expected to occur on January, 24, 2022. The transaction includes compulsory acquisition in case SBB acquires more than 90% of the shares in Amasten. The transaction is subject to approval from competition authorities in Sweden. As on December 27, 2021, SBB expedites settlement to shareholders of Amasten Fastighets AB (publ) accepting SBB's mandatory public offer to the shareholders of Amasten. Settlement before the expiry of the acceptance period will be, for ordinary share of class A in Amasten on January 7, 2022. As on December 27, 2021, SBB owns 390,380,562 Ordinary Shares and 21,000 Preference Shares. As on January 4, 2021, The first payment of consideration is expected to commence on January 7, 2022. The second payment of consideration is expected to commence on January 14, 2022 to shareholders. As on January 12, 2021, SBB owns in addition 406,157,756 ordinary shares of class A and 21,000 preference shares of class B. Offer period was extended till February 4, 2022.

ABG Sundal Collier AB, Danske Bank and Swedbank AB acted as the financial advisors whereas Advokatfirman Vinge KB acted as the legal advisor to SBB. Handelsbanken Capital Markets acted as financial advisor and fairness opinion provider to Amasten.

Samhällsbyggnadsbolaget i Norden AB (publ) (OM:SBB B) (“SBB”) completed the acquisition of remaining 51.1% stake in Amasten Fastighets AB (publ) (OM:AMAST) on February 4, 2022. As of February 4, 2022, Samhällsbyggnadsbolaget received 97.8% acceptance and hence it initiated a compulsory acquisition.