The merger of Besqab and Aros Bostad through the public offer from Aros Bostad
Besqab and Aros Bostad intend to combine the two companies to create a new, leading residential property developer in Greater Stockholm and Uppsala. Aros Bostad announced on 31 January 2024 a recommended public tender offer to the shareholders of Besqab to tender all of Besqab’s outstanding shares to Aros Bostad, in exchange for consideration of newly issued common shares and newly issued series B preference shares in Aros Bostad. The offer is unanimously recommended by the board of directors of Besqab and is supported by shareholders representing approximately 73 percent of the total votes and capital in Besqab. The shares in Besqab are listed on Nasdaq Stockholm and the shares in Aros Bostad are listed on Nasdaq First North Growth Market.
Besqab has retained Lenner & Partners as financial adviser and Cirio Advokatbyrå as legal adviser.
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