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95% of the relevant creditors had accepted the exchange offer.
SBB had amassed debt acquiring properties during a period of low borrowing costs.
S&P lowers SBB's rating to selective default due to financial concerns.
Shareholders elected Lennart Sten as the new board chair, despite advises to reject him.
SBB experiences $120.14 million pre-tax loss in Q1 2024, indicating financial challenges.
SBB plans debt buyback at significant markdown.
Residential Assets Consolidated in Subsidiary as Sweden's SBB Prepares for Share Sale"
S&P placed SBB on credit watch for potential downgrade
SBB's shares experienced a 6% decline in early trading.
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