Klövern
Construction Management · Sweden · 201-500 Employees
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Overview
Headquarters
Kungsgatan 5, Stockholm, Stockholm, 111 ...Website
www.klovern.seRevenue
$360.2 MillionIndustry
About Klövern
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Klövern News & Media
Nrep invests approximately SEK 6.5 billion in Corem's associated company Klövern - becomes the new main owner
Corem Property Group, ALM Equity and Broskeppet Bostad, which together own the housing company Klövern, have today agreed with the property investor Nrep on the sale of 51 percent of the shares in Klövern for approximately SEK 2.5 billion, including a dividend. Nrep also undertakes to invest a further total of approximately SEK 4 billion in Klövern over time, through directed share issues. The deal, together with conventional external financing, enables the completion of Klövern'sLetter of intent regarding new partner in Klövern - intends to invest approximately SEK 4,350 million
Corem Property Group, ALM Equity and Broskeppet Bostad, which together own the housing company Klövern, have today signed a letter of intent with an international investor that the latter intends to acquire 25 percent of the shares in Klövern to a value of approximately SEK 1,350 million. In addition, the international investor intends to invest up to SEK 3,000 million in new issues in Klövern to fund the construction of planned projects, and in thatThe mandatory redemption of the outstanding shares in Corem Kelly completed
On 1 July 2021, Corem Property Group AB (publ) (“Corem”) called for redemption of all outstanding shares in Corem Kelly AB (formerly Klövern AB) (“Kelly”) that was not owned by Corem or Kelly. An administrator was appointed to monitor the rights of minority shareholders in connection with the redemption process. Subsequently, an arbitration tribunal was appointed. The redemption process of the remaining shares in Kelly has now been completed and the arbitration award was passed onKlövern notes that its parent company Corem has announced results from tender offer for Klövern’s outstanding 2018/2022 SEK bonds
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY JURISDICTION WHERE IT
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Frequently Asked Questions Regarding Klövern
Klövern specializes in the development of new residential properties in Stockholm and Uppsala counties. The company offers a range of housing options, including condominiums and rental apartments, with a strong emphasis on sustainability and social responsibility. Klövern aims to create a comfortable and secure living environment for its tenants wh... Read More