SBB - comment

The proceeds from the HEBA stake sale do not move the needle for SBB. Without the support of the banks in rolling their senior debt, SBB will not survive without needing to restructure. SBB had owned a 25% stake in HEBA via a 51/49 Joint Venture. The JV partner has now bought the 51% it didn’t own. The value of the holding was around SEK500m.  

https://www.bloomberg.com/news/articles/2023-07-04/swedish-landlord-sbb-sells-stake-in-peer-to-boost-balance-sheet