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A hard copy of Dagens Nyheter, 2020-10-13 09:58
Article source address: https://www.dn.se/ekonomi/oscar-properties-koper-fastigheter-for-miljarder/
Construction project Oscar Properties 79 & Park on the fence 2017.
Photo: Anders Wiklund / TT
Real estate company Oscar Properties buys properties from a colleague in the SBB sector for SEK 1.4 billion and at the same time asks shareholders for more money.
In a press release, Oscar Properties, under financial pressure, proposes an issue of new shares for existing shareholders of 325 million SEK.
Oscar Engelbert, founder of Oscar Properties, guarantees almost SEK 80 million of the issue and SEK 50 million to SBB.
The purchased real estate portfolio is intended to provide constant cash flow and support the core business – new home construction.
Read more: Oscar Properties must pay compensation according to the unpaid bills
