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Cirio advises Sagax on private placement of MSEK 200

2019.05.13

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).

About Cirio

Cirio Law Firm was founded in Stockholm in 2019 and has around 130 employees. The law firm has a long heritage in Stockholm ranging back to 1918 and is one of the leading law firms within several areas of business law. Cirio offers legal advice in most areas of business law such as M&A and other transactions, operational and strategic business decisions, special situations such as dispute resolution and bankruptcies and collaborative innovation. The firm has special competence within business areas such as renewable energy, life science and digitalisation.

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