Cirio advises Sagax on private placement of MSEK 200

Cirio has advised AB Sagax (publ) in connection with its private placement of 5.9 million Class D common shares directed towards Swedish and international institutional investors. On 10 May 2019, the board of directors resolved on the directed issue authorised by the AGM held on 7 May 2019. The placement generates proceeds of MSEK 200 for the company, before issue costs. The issue volume and the subscription price were determined by an accelerated book building process.

AB Sagax is a property company whose business concept is to invest in commercial properties, primarily in the warehouse and light industry segment. Sagax’s property holdings at 31 March 2019 amounted to 2,919,000 square metres, distributed between 530 properties. AB Sagax (publ) is listed on Nasdaq Stockholm, Large Cap.

Cirio advised AB Sagax with a team headed by Annika Andersson (Capital Markets and Public M&A), together with Oscar Lunde, Mimi Hörnmo and Jesper M Johansson (Capital Markets and Public M&A).

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