OBOS Acquires 6.5% Stake and 23.1% Voting Rights in NCC from Nordstjernan

December 6, 2022

Norwegian property developer OBOS has purchased 5 million Class A and 2 million Class B shares in Nordic construction company NCC from Nordstjernan for SEK 772.5 million (approx. SEK 110 per share), acquiring about 6.5% of capital and 23.1% of votes. Nordstjernan remains a significant owner after the transaction; OBOS says it will assume an active role alongside Nordstjernan and NCC's board and management to develop the business.

Buyers
OBOS
Targets
NCC
Sellers
Nordstjernan AB
Industry
Construction
Location
Sweden
Transaction Type
Divestiture

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