AP funds take control of property

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SWEDEN - The Swedish government has sold property company Vasakronan to AP Funds 1-4 for SEK41.1bn (US$6.9bn).

AP Fastigheter, the joint owned property subsidiary of APs 1-4, has taken control of Vasakronan for SEK24.6bn of equity and SEK16.5bn of debt. The deal is expected to be fully completed by 1 Septem...

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