Cirio advises Sagax on private placement of SEK 513 million

Cirio has advised AB Sagax (publ) in connection with its private placement of 18 million class D common shares directed towards Swedish and international professional investors in the Nordics and certain other jurisdictions.

On 1 June 2020, the board of directors resolved on the directed issue authorised by the AGM held on 6 May 2020. The placement generates proceeds of SEK 513 million for the company, before transaction 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 on 31 March 2020 amounted to 3,297,000 square metres, distributed between 653 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 and Jesper M. Johansson (Capital Markets and Public M&A).