(Bloomberg) Struggling Swedish landlord SBB took a major step toward stabilizing its finances after agreeing to sell a further stake in a portfolio of school buildings to Canada’s Brookfield Asset Management Ltd. Most Read from BloombergChinese Gold Buying Is Driving a Paradigm Shift in BullionWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundUS to Keep a Distance From India-Canada Dispute, Signum’s Myers SaysBond Market Faces Quandary After Fed Signals It’s Almost DoneRaw Meat-E
(Bloomberg) A potential management shakeup began to take shape at embattled Swedish landlord SBB on Friday as Chief Financial Officer Eva-Lotta Stridh announced she was leaving the firm after seven years in the role.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefBond Bulls at JPMorgan, Allianz Double Down on a Bet Gone BadCargill Tests 123-Foot-Tall Sails in Effort to Slash Fuel BurnStock Rebound Fizzles Out as Bond Yields Climb: Markets WrapStrindh is a
(Bloomberg) SBB, the landlord at the center of Sweden’s commercial property crisis, saw its issuer default rating downgraded five steps to B- by Fitch Ratings with a warning that more cuts could be on the way.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefNasdaq 100 Climbs 1% as Tech Powers Stock Rebound: Markets WrapMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysBond Bulls at JPMorgan, Allianz Double Down on a Bet Gone BadThe move against
(Bloomberg) SBB, the embattled developer at the center of Sweden’s property crisis, is considering carving out its entire residential business with a portfolio of 36.5 billion kronor ($3.4 billion) for an initial public offering, according to a person familiar with the matter. Most Read from BloombergTrump Cites Self Incrimination Concern in Lawsuit Against CohenElon Musk Says Treasury Bills Are ‘No-Brainer’QQQ Churns in Late Hours on Apple, Amazon Earnings: Markets WrapApple Faces Longest Sa