Aros Bostadsutveckling AB (Aros Bostad) has entered into an agreement to issue ordinary shares of approximately SEK 150 million to Första AP-fonden. In connection with the issue, Första AP-fonden also acquires ordinary shares from the principal owners of Aros Bostad in order to consolidate its position as one of the company's long-term principal owners.
Aros Bostad is a real estate development company specialized in residential properties. Aros Bostad’s business concept is to acquire, develop and/or convert commercial properties into residential properties.
DNB Market acts as financial advisor and Baker McKenzie acts as legal advisor to Aros Bostad in connection with the transactions. Baker McKenzie's team mainly consisted of Joakim Falkner, Carl Svernlöv and Ian Gulam.