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20 June 2012
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Sweden's Fabege launches share buy-back; no price range given
Swedish listed property group Fabege has started the share buy-back program approved by its shareholder meeting last March, which authorised a buyback up to the AGM next month of up to 10% of outstanding equity capital. Fabege CEO Christian Hermelin told PIE the company is not required to name a price range , but that trading conditions in its portfolio, heavily focused on Stockholm office and retail, are improving day by day. Fabege stock was last trading around SEK45. (See upcoming PIE editions for full story)