Torslanda Property Investment’s SEK 337 Million Redemption of Shares

Cirio has advised Torslanda Property Investment AB on the deal.

Torslanda Property Investment AB (publ) announced a voluntary redemption of shares for redemption proceeds of approximately SEK 337 million.

The Board of Directors of TPI has presented a proposal of a voluntary redemption of shares. The redemption procedure was approved by an Extraordinary General Meeting held on 18 november 2021. The redemption amount is SEK 23,84 per share, which in total corresponds to no more than approximately SEK 337 million in redemption proceeds.

TPI is a Swedish real estate company that indirectly owns, manages and leases properties in Gothenburg and Stockholm. TPI is listed on Nasdaq First North Growth Market in Stockholm.

The Cirio team was headed by Annika Andersson (Picture), together with Rebecka Tallberg and Natalie Nilsson (Capital Markets and Public M&A).

Involved fees earner: Annika Andersson – Cirio Law Firm; Natalie Nilsson – Cirio Law Firm; Rebecka Tallberg – Cirio Law Firm;

Law Firms: Cirio Law Firm;

Clients: Torslanda Property Investment;

Federica Tiefenthaler

Author: Federica Tiefenthaler