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2019-12-18

Heimstaden: Folksam and KPA Pension becomes owners in Heimstaden Bostad AB

Folksam group, Folksam Liv, Folksam Sak and KPA Pension ("Folksam
Group") will become new owners after subscribing to approximately 4
bSEK of a cash rights issue to be made on the 7th of January 2020.
The remaining part of the 7,2 bSEK rights issue is subscribed by
Heimstaden Investment AB.

The new shareholder agreement signed for Heimstaden Bostad in October
opened up for bringing in new institutional investors to participate
in the European expansion of Heimstaden Bostad. In this process
Folksam group was early into the process and have decided to invest
parallel to the other institutional investors Alecta and the
pensionschemes of Ericsson and Sandvik.

Folksam group will after the subscription be the second largest
institutional investor in Heimstaden Bostad. The Folksam Group will
after the share-issue own 7% of the capital of Heimstaden Bostad AB

"We have for some time looked for a residential platform and after
having met with management and done a thorough due diligence on the
company and its business plan we came to the conclusion that this was
an investment that suited us well. We look forward to work tightly
with management and the other owners of Heimstaden Bostad in order to
reach the high ambitions of the company" says Michael Kjeller, Head
of asset management and sustainability at the Folksam Group.

As a consequence of the investment the board of directors will as from
7th of January 2020 be expanded by 2 members. Birgitta Stenmark, Head
of Alternative Investments, and representing Folksam group and Karmen
Mandic, Chief Communications and Marketing Officer, representing
Heimstaden Investment.

"We are extremely pleased to welcome Folksam group as new partners and
that they see the quality of our portfolio, operations and
management. Heimstaden Bostad has high ambitions when it comes to
growing both the size and quality of the portfolio and the operations
and the new ownership structure clearly supports these ambitions.
This marks a great end to a great year, although more can still come
before we close the books?..", says Patrik Hall, CEO Heimstaden
Bostad AB

After the share issue, and the property acquisitions from Alecta and
Heimstaden in Sweden, Denmark Norway and Germany that was mentioned
in the pressrelease on the 25th of October 2019 to be under letter of
intent the company will have a proforma net debt to net debt plus
equity of approximately 46% and an available liquidity, including
committed credit facilities, of 25 bSEK.

J.P Morgan Securities and DLA Piper have acted as financial and legal
advisors to Heimstaden Bostad AB. Legal, tax and financial due
diligence have been performed by DLA Piper and PWC.

For further information, please contact:

Patrik Hall, CEO +46 705 85 99 56 patrik.hall@heimstaden.com

Magnus Nordholm, CEO Fredensborg AS +46 705 29 31 44 magnus.nordholm@fredensborg.no

This information is such information that Heimstaden Bostad AB (publ)
is obliged to publish in accordance with the EU Market Abuse
Regulation. The information was submitted, through the agency of the
above contact persons, for publication on December 18th, 2019 at.
14:00 CET.

Heimstaden AB (publ)

Östra Promenaden 7 A, 211 28 Malmö,

Organisationsnummer 556670-0455, Bolagets säte Malmö,

Telefon, växel 0770 - 111 050, www.heimstaden.com,

Heimstaden is a leading real estate company in Northern Europe, with a
focus on acquiring, refining, developing and managing housing and
premises. Through our values, care, innovation and authenticity, we
create values for our owners and caring homes for our tenants.
Heimstaden has about 52 300 apartments and a property value of
approximately SEK 108 billion value. Heimstad's preference share is
listed on Nasdaq First North Premier. The head office is located in
Malmö. Certified Adviser is Erik Penser Bank aktiebolag, +46 8-463 83
00 and certifiedadviser@penser.se. For more information, see
www.heimstaden.com

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https://news.cision.com/se/heimstaden/r/folksam-and-kpa-pension-becomes-...
https://mb.cision.com/Main/11054/2994137/1163947.pdf

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