Samhallsbyggnadsbolaget i Norden AB (FRA:JSI)
€ 0.3833 0.0292 (8.25%) Market Cap: 652.42 Mil Enterprise Value: 5.28 Bil PE Ratio: 0 PB Ratio: 0.26 GF Score: 49/100
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Samhallsbyggnadsbolaget I Norden AB M&A Call Transcript

Nov 30, 2022 / 08:30AM GMT
Release Date Price: €1.7 (+0.18%)
Ilija Batljan;llsbyggnadsbolaget i Norden AB;publ;CEO
SamhÃ

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Good morning, everyone. Today we are presenting the latest deal that we announced this morning, that is that we are selling 49% stake in our social infrastructure portfolio for public education. And buyer is Brookfield super-core infrastructure fund. Price for shares is SEK9.2 billion in cash with an additional earn-out of up to SEK1.2 billion in cash.

And just to give you a relation, depending on value of the earn-outs achieved, the transaction price represents between a 2.7% discount and a 2.7% premium to the book value as of Q3 2022.

Next slide, please. Just to describe transaction related to our sales of 49% stake in our social infrastructure portfolio for public education to Brookfield. Brookfield is doing transaction through its open-ended super-core infrastructure fund. And as I said, transaction is that Brookfield is paying SEK9.2 billion in cash upfront, close up to SEK1.2 billion in cash through earn-out for 49% minority stake in EduCo.

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