Azelis tops BEL 20 after top shareholder EQT reduces stake

Azelis NV

12/11/2025 08:20

** Shares of Azelis AZE.BR rise 3.5%, leading gains on Belgium's BEL 20 blue chip .BFX index, after its top shareholder EQT EQTAB.ST reduced its stake in the Belgian chemicals company

** EQT is selling around 44 million shares to JNE Partners, First Pacific Advisors, LP's managed funds and accounts and Temasek

** The Swedish investment firm says it will retain a 10% stake in Azelis vs a current 27.9% holding

** "The overhang has been the main driver for the discount compared to IMCD IMCD.AS, as the overhang disappears so should the discount," says Thibault Leneeuw from KBC Securities

(Reporting by Gianluca Lo Nostro)

((gianluca.lonostro@thomsonreuters.com;))