Property company Public Property Invest, PPI, intends to make two separate offers for Origa Care and One Publicus of EUR 9 and SEK 110 per share, respectively. The consideration consists of 70 percent newly issued PPI shares at a price of SEK 25.67 and 30 percent cash.
With full acceptance, the total consideration amounts to SEK 442 million, of which SEK 133 million is in cash and SEK 309 million in shares.
PPI already owns approximately 1 percent of Origa Care and 36 percent of One Publicus. Origa Care owns 13 fully let care properties in Finland, while One Publicus owns three properties in Sweden, primarily housing operations within compulsory schooling, elderly care, LSS housing and health centres.
