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Gernandt & Danielsson advises Genova Property Group in connection with its initiation of a share buy-back programme
Gernandt & Danielsson advises Genova Property Group AB (publ) (“Genova”) in connection with its initiation of a programme regarding buy-back of own ordinary shares. The purpose of the share buy-back programme is to create additional shareholder value by customising the Company’s capital structure to its current capital requirements, while increasing growth per share as a result of fewer outstanding shares. Repurchased shares may also be used as consideration for, or financing of, acquisitions (including payment of any earn-outs).
Genova is a dynamic property company with extensive expertise in various segments of the property market. The company aims to drive sustainable value growth through active property management, urban development, project development and property transactions in Sweden. As of 30 September 2024, Genova owned properties valued at approximately SEK 9.5 billion and the company held a substantial building rights portfolio. Genova’s share has been listed on Nasdaq Stockholm since 2020.
Gernandt & Danielsson advises Genova with a team consisting of partner Mikael Borg, senior associate Pierre Olsson and associate Siri Telmen. In addition, Carnegie Investment Bank has acted as financial advisor to Genova.
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Gernandt & Danielsson is one of Sweden’s leading law firms for Swedish and international business law. We are a full service firm with a particular focus on transactions, dispute resolution and financial services. 145 employees, including 95 lawyers, work at our office located in Stockholm. For more information, please visit www.gda.se
