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BUZZ-Beijer Ref falls after EQT sells shares at discount
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))


