BUZZ-Beijer Ref falls after EQT sells shares at discount

EQT Corporation -0.89% Pre
Dow Jones Industrial Average -0.51%
S&P 500 index -1.07%
NASDAQ -1.69%

EQT Corporation

EQT

55.57

55.57

-0.89%

0.00% Pre

Dow Jones Industrial Average

DJI

48458.05

-0.51%

S&P 500 index

SPX

6827.41

-1.07%

NASDAQ

IXIC

23195.17

-1.69%

** Shares of Beijer Ref BEIJb.ST are down 7% after investment company EQT EQTAB.ST sold part of its stake in the Swedish refrigeration wholesaler a discount

** Beijer Ref shares track their worst day since June 2023, if losses persist

** Following media reports on the deal, EQT confirmed to Reuters it had indirectly sold shares in Beijer Ref worth SEK 3.3 billion ($324 million)

** The placement by Breeze TopCo S.à r.l., a company ultimately owned by EQT, included 20 million Beijer Ref class B-shares, the Swedish investor said in a statement

** Offer price was SEK 165.00 per share, corresponding to a discount of 7.2%

** "By selling a part of its holdings in the company, EQT Private Equity is realising a portion of its significantly grown financial exposure since its investment in 2020 and can return capital to its investors, as well as broaden out the company's shareholder base," EQT said

** Following transaction, EQT will hold 13.9% of the share capital and 17.4% of voting rights in Beijer Ref, remaining the largest shareholder






($1 = 10.1840 Swedish crowns)


(Reporting by Anna Chaberska)

((Anna.chaberska@thomsonreuters.com))

Every question you ask will be answered
Scan the QR code to contact us
whatsapp
Also you can contact us via