Aker Property Group completes SBB share exchange

Aker Property Group AS, a wholly-owned subsidiary of Aker ASA, has completed its previously announced exchange of shares in Samhällsbyggnadsbolaget i Norden AB (SBB). APG Invest AS (APG), another wholly-owned subsidiary of Aker Property Group, exchanged 125,038,756 class B shares (ISIN: SE0009554454) for 100,923,623 class A shares in SBB (STO: SBB). This transaction, initially announced on May 27, 2025, significantly alters Aker's holdings and voting power within SBB.

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Following the completion of the exchange, APG now possesses 100,923,623 class A shares and 55,523,175 class B shares in SBB. This translates to approximately 8.63 percent of the total share capital and a substantial 28.76 percent of the voting rights within SBB. The successful completion of this transaction was contingent upon and has now received the necessary Foreign Direct Investment (FDI) clearances. The increased voting power gives Aker a stronger position to influence the direction of SBB.

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The share exchange allows Aker to consolidate its influence through the acquisition of class A shares, which carry greater voting rights than class B shares. While the overall shareholding percentage remains relatively modest, the significant voting power acquired positions Aker to exert considerable influence on key decisions and strategic direction within SBB. Further details regarding the terms and rationale of the exchange transaction can be found in the stock exchange release issued on May 27, 2025.