BUZZ-Beijer Ref falls after EQT sells shares at discount

EQT Corporation
Dow Jones Industrial Average
S&P 500 index
NASDAQ

EQT Corporation

EQT

0.00

Dow Jones Industrial Average

DJI

0.00

S&P 500 index

SPX

0.00

NASDAQ

IXIC

0.00

** 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))