Sweden’s Embattled SBB Plans Break Up to Ease Funding Crisis

Struggling Swedish landlord SBB took a major step toward stabilizing its finances with a cash injection and a plan to divide up its operations, sending a signal that money is available despite the country’s real estate crisis.

Samhallsbyggnadsbolaget i Norden AB — as the company is officially known — will largely close its near-term funding gap in a deal that will raise 8 billion Swedish kronor ($720 million). The shares surged as much as 40%, and the company’s bonds maturing in January 2025 jumped 6 cents on the euro, according to data complied by Bloomberg.

A deal with Canada’s Brookfield ...