SBB abruptly ended talks with Brookfield Asset Management Ltd. over the sale of a 51% stake in a portfolio of school buildings. Read more.
depress valuations around the world. The company’s troubles risk becoming a broader issue in Sweden as it owns many public-sector buildings like nursing homes and schools.
The company “now faces even more pressing liquidity challenges,” Bloomberg Intelligence analyst Tolu Alamutu said in an interview. “The end of talks with Brookfield may add urgency to ongoing bondholder discussions.” “It is understandable that SBB does not want to dispose of its high-quality assets at too large discounts,” Louis Landeman, an analyst with Danske Bank A/S in Stockholm, said in a note to clients. “At the same time, the company needs to strengthen its liquidity while also reducing leverage.”Article content
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