Sweden’s Oscar Properties Drops on Chairman Exit, Creditor Claim

Struggling Swedish landlord Oscar Properties Holding AB plunged following the resignation of its chairman and a board member, announced just hours after the company received yet another bankruptcy threat from a creditor.

The shares erased as much as 62% on Friday before paring the loss to about 13% at 11:11 a.m. in Stockholm, leaving the company’s market value at 53 million Swedish kronor ($4.9 million).

Peter Norman, a former minister for financial markets and Oscar’s chairman since 2019, late on Thursday said he would leave the board of directors “effective immediately,” along with member Markus Dragicevic. Norman cited ...