The cash tender offer of 100.25 kronor apiece of EQT Real Estate II, through Chicago Holding AB, for all the shares in Stendörren Fastigheter AB (publ) received all necessary approvals from relevant authorities, including clearance from the competition commission.

Global investment firm EQT is looking to take Stendörren private through the offer that values the Swedish real estate operator and manager at roughly 2.82 billion kronor, according to a prior announcement.

The acceptance period for the bid, which is now declared unconditional, will end Dec. 19, with settlement slated to start on or around Dec. 28.

With the receipt of requisite regulatory approvals, Chicago Holding will also proceed with the acquisition of 7,356,773 shares in Stendörren on Dec. 14 at the latest from Kvalitena AB, Förvaltningsaktiebolaget Hummelbosholm, Hans Lycketorp and Stendörren board members Knut Pousette and Seth Lieberman. The shares, which will be purchased at the offer price, amount to 26.13% of the total shares and 50.06% of the total voting rights in Stendörren.

DNB Markets, a part of DNB Bank ASA, Sweden Branch, and Danske Bank A/S, Denmark, Sweden Branch, are the financial and capital markets advisers to EQT.

Linklaters Advokatbyrå AB is the legal adviser to EQT Real Estate. The company retained ÅF Infrastructure AB as technical adviser, Skeppsbron Skatt AB as tax adviser and Alvarez & Marsal Nordics AB as financial adviser.

As of Dec. 10, US$1 was equivalent to 9.09 Swedish kronor.