Cirio advises Besqab on the combination with Aros Bostad

Cirio has advisesed Besqab on the combination with Aros Bostad.

Besqab AB (publ) (“Besqab”) and Aros Bostadsutveckling AB (publ) (”Aros Bostad”) intends to combine their businesses to form a leading residential property developer. The combination is carried out through a public takeover offer announced on 31 January 2024 whereby the shareholders are offered approx. 1.04 common shares and 0.07 preferential shares of series B in Aros Bostad for each Besqab share. The takeover offer values Besqab at approx. SEK 1.9 billion. Besqab is listed on Nasdaq Stockholm and Aros Bostad on Nasdaq First North Growth Market.

Cirio’s team was led by Magnus Björkander (Real Estate) and Maria Arnoldsson (Capital Markets and Public M&A) together with Sebastian Iso-Kamula and Fredrik Billing (Capital Markets and Public M&A), Linnea Thörnvik and Jonathan Jademyr Zazzi (M&A and Real Estate), Dennis Luttropp Hansson, Oskar T Mohn and Sofie Wändahl (Banking & Finance), Ulrica Salomon and Leo Hano Eriksson (Competition Law), and Lisa Ericsson (Employment Law).