**Røkke** Group Increases Stake in Swedish Real Estate Firm SBB

Aker’s investment grows despite SBB’s recent financial struggles.

**Kjell Inge Røkke**’s Aker group continues to increase its investment in Swedish real estate company SBB, signaling confidence despite the property sector’s challenges with rising interest rates. The move further solidifies Aker’s position as a major player in SBB.

Key Development

Aker has recently acquired an additional 16 million shares in SBB, according to an update on SBB’s website from June 26. **Atle Kigen**, communications director at Aker, stated that these shares were purchased on the market for up to NOK 90 million.

**Jonathan Tillander**, SBB’s investor contact, confirmed that the share purchases occurred between May 27 and June 26. According to **Kigen**, the share purchase was not obligated to report.

Board Representation

**Røkke** and Aker chief **Øyvind Eriksen** officially joined SBB’s board on July 1. “We think it is positive and look forward to taking ownership responsibility in the development of Statistics Norway with two board representatives,” said **Kigen**.

Currently, Aker holds 55.5 million B shares, estimated to be worth around NOK 295 million based on current rates. In addition, Aker possesses 100.9 million A shares, which are not publicly listed. The A shares have one vote each, whereas the B shares have one vote per tenth share.

Aker’s Growing Influence

In May, Aker announced a more substantial share purchase in SBB, which is awaiting regulatory approvals. Upon completion, Aker will control 8.63 percent of SBB’s capital and 28.76 percent of the voting rights.

This places Aker as the second-largest voting shareholder, closely trailing Swedish property figure **Ilija Batljan**, who holds 30.2 percent of the voting power. As a point of comparison, in 2023, institutional investors held approximately 50% of shares in real estate companies, reflecting the sector’s reliance on major stakeholders (Statista 2023).