Oscar Properties, the real estate company, has reached an agreement with its lenders. The stock is soaring.
The agreement means that the bankruptcy petition against the company will be withdrawn and the properties owned by the subsidiary will be sold to pay back the debts, according to the company's press release.
The agreement will be signed later in the day, according to the company.
Before the announcement, trading in the shares had been halted on the Stockholm Stock Exchange.
Before the trading halt, the stock had risen by 84 percent to 16 öre. When trading resumed, the stock surged further. The price more than doubled to 36 öre.
