REALE

SBB sells 1.16% of education unit, receives $700 mln as part of loan repayment

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SBB sells 1.16% of education unit, receives $700 mln as part of loan repayment

Sept 24 (Reuters) – Swedish property group SBB (SBBb.ST) on Sunday divested 1.16% of its education subsidiary EduCo to Brookfield Super-Core Infrastructure Partners for around 242 million Swedish crowns ($21.73 million) and become a minority owner. SBB added that EduCo will repay part of its inter-company loan from SBB, resulting in the Stockholm-based company receiving … Read more

Exclusive: SoftBank in talks to buy Vision Fund’s 25% stake in Arm

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Exclusive: SoftBank in talks to buy Vision Fund’s 25% stake in Arm

A smartphone with a displayed Arm Ltd logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File photo NEW YORK, Aug 13 (Reuters) – SoftBank Group Corp (9984.T) is in talks to acquire the 25% stake in Arm Ltd it does not directly own from Vision Fund 1 (VF1), … Read more