Cirio advises Sagax and Torslanda Property Investment

Cirio advises Sagax and Torslanda Property Investment in an upcoming share split and distribution in kind

AB Sagax (Nasdaq Stockholm, Large Cap) owns, via Söderport Holding AB, jointly owned by Sagax and Nyfosa AB, 78 per cent of the shares in Torslanda Property Investment AB (Nasdaq First North Growth Market). Sagax and Nyfosa intend to jointly distribute a holding corresponding to a total of 30 per cent of the number of shares in TPI to their respective shareholders. To enable the distribution in kind, Torslanda Property Investment has proposed an extraordinary general meeting to resolve on a share split 10:1.

Cirio advises Sagax and Torslanda Property Investment with a team led by Annika Andersson, together with Oliver Kronberg (Capital Markets and Public M&A) and Johanna Permatz (M&A).

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