Cirio advises Sagax on a SEK 2.1 billion directed share issue

Cirio has advised AB Sagax (publ) in connection with a directed share issue raising proceeds of approximately SEK 2.1 billion.

The subscription price was set to SEK 212 per share through an accelerated book building procedure, and the share issue was subscribed by Swedish and international professional and institutional investors.

Sagax is a property company focusing on commercial properties primarily within the warehouse and light industrial segment. Sagax invests mainly in properties with stable cash flows located in European metropolitan areas. Sagax is listed on Nasdaq Stockholm, Large Cap.

Cirio advised Sagax with a team headed by Annika Andersson (Capital Markets and Public M&A), together with Sebastian Iso-Kamula and Rikard Kåresen.

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