Starwood Global Opportunity Fund XI, managed by Starwood Capital Group, through the wholly owned subsidiary HomeStar InvestCo AB, has announced the outcome of the April 1, 2018, public cash offer to the shareholders of Swedish property company Victoria Park.
At the end of the acceptance period, June 1, 2018, the offer was accepted by shareholders in Victoria Park AB regarding a total of 27 million ordinary shares of class A, 32.5 million ordinary shares of class B and 180,348 preference shares in Victoria Park, which corresponds to approximately 24.4 percent of the total number of shares and approximately 32.1 percent of the total number of votes in Victoria Park. All conditions of the offer are thus met or waived. HomeStar InvestCo has decided to complete the offer.
The acceptance period for the offer will not be extended. For shareholders who have accepted the offer, payment of consideration is expected to commence around June 11, 2018.
