Sweden’s AP4 state pension fund has invested SEK63.1m (€7m) in residential real estate company Oscar Properties, taking a 7.5% stake in the Swedish company’s first issue of ordinary shares.
According to the company, which focuses on modern design and architecture, AP4 participated in its share offer, taking a 7.5% stake.
This equates to just over 2.1m shares, which were issued at a price of SEK30.
It is the first listing for ordinary shares in the company.
The shares started trading on the NASDAQ OMX First North Premier stock exchange on Monday.
However, the company did issue preference stock last June in an IPO.
In all, and assuming an option was exercised, Oscar Properties said it sold ordinary shares representing 39.2% of its equity, with group head of the company Oscar Engelbert maintaining a 56.8% stake.