Cibus Nordic Real Estate AB gained approval to list its shares on Nasdaq First North and acquired a property portfolio valued at €767 million in Finland.
The pure-play Nordic grocery-anchored real estate company said it expects trading of its shares to begin March 9 under the CIBUS ticker.
Cibus bought the Finnish portfolio from Sirius Fund I Grocery and Sirius Fund II. It funded the acquisition with the issuance of roughly €311 million in shares. It also obtained €135 million in senior unsecured bond financing and €308 million in bank financing.
The acquired portfolio comprises 123 properties anchored by grocery players Kesko, S-Group and Tokmanni. The properties have estimated annual rents of €44.8 million.
Pareto Securities was the sole book runner for the equity and bond issues, with Roschier serving as legal adviser. FNCA Sweden AB is the company's certified adviser.
