OSLO, NORWAY: Samhällsbyggnadsbolaget i Norden AB (publ) (SBB) has divested 14.947 million shares in Entra ASA at a price of NOK 210 per share to Castellum, corresponding to NOK 3.14 billion.

The sale represents approximately 10% return during the time of the holding, corresponding to an annual return of 20%.

SBB has also decided to stop the planned secondary listing of the company’s ordinary shares of series B on the Oslo Stock Exchange, as there are currently no conditions to achieve a satisfactory liquidity.

“With this sale, we put an end to SBB’s interest for Entra and I must say that the outcome is not what we first expected. However, it feels good that we can achieve some return even on deals that don’t go our way, and the sale provides us with further possibilities to focus on residentials and elderly care homes”, says Ilija Batljan, CEO and founder of SBB.

SBB was established in March 2016, and is the leading Nordic social infrastructure property company. It has a portfolio across Sweden, Norway, Finland and Denmark with a gross asset value of SEK 81 billion as of 30 September 2020. www.sbbnorden.se