Shares of SBB were up 27% at 10 a.m. London time after Bloomberg reported the troubled Swedish property group had attracted interest from investors including Brookfield Asset Management.
The Casa Cook and Cook’s Club brands feature 16 franchised properties across prime sun and beach locations in the Mediterranean and Red Sea.
Rising interest rates, a slowdown in the commercial real estate (CRE) market and the proliferation of remote work pose challenges for smaller firms that made risky loans to finance office buildings, the analysts said.
Credit Suisse takeover inevitably raises questions about the future of tens of thousands of employees as well as where the combined company will be based.
The signature of the share purchase agreement takes place after the approval of the Court of Auditors.
OAKTREE Capital Management-backed Silbury Finance unveils at this year's MIPIM.