The board of Fabege, one of Sweden's largest listed property companies, plans to propose at the Annual General Meeting next year that all the shares it holds in peer Klovern be paid out as non-cash dividend. Under the proposal, Fabege's shareholders will get one Klovern share for every two Fabege shares held.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
