SBB proposes buyback and cancellation of all D shares

SBB's board proposes repurchasing and redeeming all D shares, offering 7.94 SEK or 1.567 B shares per D share. This corporate action likely aims to simplify the share structure and may be seen as value-accretive, though the discount to B shares suggests a complex valuation. The move is a notable capital management step for the distressed real estate firm.