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 company’s share price has seen in steady decline to an all-time low over the past year and a half, as it battles with higher interest rates, housing market uncertainty and a large debt pile.
Last week it confirmed it was exploring strategic options including a “sale of the company, business segments, or specific assets.”
Losses accelerated on Wednesday when holding company Ilija Batljan Invest AB said it would pause interest payments on its outstanding SBB hybrid bonds, following the suspension of SBB dividend payments.
