Investor buys $352M stake in EQT from Wallenberg Investments
What's the deal? Investor ABDealroom has a profile for this one. Try Dealroom → has acquired 12,500,000 shares in private equity firm EQT AB from Wallenberg InvestmentsDealroom has a profile for this one. Try Dealroom → for roughly US$423.1M. The deal priced shares at US$34.2 each.
What changes? Investor now holds 195,788,016 shares in EQT, equal to 14.98% of the company's share capital and votes.
Why the extra scrutiny? Both parties are tied to the Wallenberg family, which founded Investor in 1916. To address the relationship, the transaction's market value was confirmed by an independent third party, and no board member with a potential conflict of interest took part in the decision.
The signal: The move deepens Investor's exposure to EQT, one of its three core business areas alongside Listed Companies and Patricia IndustriesDealroom has a profile for this one. Try Dealroom →. By concentrating ownership within the Wallenberg sphere, Investor tightens its grip on a flagship asset in Nordic private equity.
Read more: placera.se
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