Beijer Ref falls after EQT sells shares at discount

Beijer Ref AB (publ)

18/09/2024 09:39

** 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))