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D Carnegie & Co AB completes merger with HSB II

Friday, 4 Jul 2014 07:30am EDT 

D Carnegie & Co AB:Enters into an agreement with owners of Hyresbostäder i Sverige II AB (HBS II), to merge their respective property portfolios.Closing conditions have been met and D. Carnegie & Co is announces that closing has taken place.Following the transaction D. Carnegie & Co becomes listed residential property company in Sweden with property portfolio valued at close to 10 bln Swedish crown consisting of about 13,000 residential apartments, in and around Stockholm and the Mälardalen area.Extraordinary general meeting held on July 2 resolved in accordance with the Board's proposal to amend the Articles of Association and to authorise Board to issue shares and convertible bonds, which were one of the closing conditions for the transaction.All other closing conditions, including approval from the swedish competition authority, have been met and the closing took place July 4. 

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