AB Sagax AB (publ) has carried out a primary issuance of 10,000,000 common shares of Class B of approximately SEK 2.1 billion. The subscription price was determined through an accelerated book-building procedure.
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 per 30 September 2023 amounted to 4,170,000 square metres, distributed over 811 properties. Sagax is listed on Nasdaq Stockholm, Large Cap.
ABG Sundal Collier and J.P. Morgan acted as Joint Global Coordinators and Joint Bookrunners. Baker McKenzie acted as legal advisor to banks with an international capital markets team consisting of Joakim Falkner, Olof Larsson and Monica Ericson in Stockholm as well as Adam Farlow and Charles Farnsworth in London.