Pension funds and the Swedish bank bought a third of the shares of the developer Payday

A little less than two years ago, the Swedish publisher and game developer Starbreeze was in danger of bankruptcy following the failed release of Overkill’s Walking Dead. The company restructured and sold several licenses to stay afloat, and then took up the long-awaited Payday 3. Now it had to sell a significant share of the shares.

According to the portal GamesIndustry.biz, the publishing house Starbreeze sold 29% of its own assets worth almost $ 6 million to the management company of the national bank Swedbank and two Swedish pension funds. In other words, almost the state acted as the buyer, because pension funds are managed and financed by him.

Almost a third of the shares sold will provide Starbreeze newcomers with enough votes to influence the company’s plans and future developments. Nevertheless, Starbreeze chairman of the board of directors, Torgney Helstrom, said the sale of shares was a big step in the company’s restructuring plans.

The release of Payday 3 is scheduled for 2022-2023.