Swedish real estate group SBB secures cash with JM stake sale
OSLO, May 12 (Reuters) – Troubled Swedish real estate group SBB (SBBb.ST) said late on Thursday it had sold most of its shares in construction company JM (JM.ST) for 2.8 billion Swedish crowns ($275.8 million). The transaction gives SBB a much-needed cash infusion after scrapping a share issue earlier this week when ratings agency S&P … [Read more…]