SBB Norden Minor model adjustments
We have adjusted our estimates to reflect recent transactions – where we have now included the cSEK9bn potential asset divestment (letter of intent signed, transaction expected to be completed on 31 October) – and updated rent indexation and interest rate forecasts. The Q3 results are due at 08:00 on 27 October. We do not consider these estimate changes to be material. We have no recommendation or target price on SBB Norden.Samhallsbyggnadsbolaget I Norden AB, formerly Effnetplattformen AB, is a Sweden-based company, which owns community properties in the Nordic region, as well as rental apartments in Sweden. It cooperates with municipalities and other tenants on a long-term basis. The Company operates Offentlige Bygg AS as subsidiary.
DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.
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