Sweden’s Oscar Properties faces bankruptcy application over settled
Mon, Jul 22, 2024 5:17 PM

Sweden’s Oscar Properties faces bankruptcy application over settled

A Flip by Riya Sharma
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Oscar Properties, a Swedish real estate firm, faces a bankruptcy application from Brf Innovationen, a housing cooperative, citing a breach of a settlement agreement. Oscar Properties disputes the application and may seek formal restructuring. The company's stock has plummeted 99% since 2017 burdened by large debts from low-interest loans. Rising interest rates and slowing demand have hit property.

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