Galderma shares drop as EQT and partners sell CHF 2.1 billion stake

Galderma AG

29/07/2025 07:49

** Shares in Swiss skincare company Galderma GALD.S seen down 5.9% in pre-market indications after Swedish investment firm EQT EQTAB.ST and its co-investors sold shares worth CHF 2.1 billion  ($2.61 billion) in a block trade on Monday

** EQT and its partners, Abu-Dhabi-based sovereign wealth fund ADIA and Auba Investment, linked to the Singaporean sovereign wealth fund GIC, offered 17 million Galderma shares at CHF 123 per share, the bookrunners said

** The price represents an 8% discount to the closing price of CHF 133.7 on Monday

** Analysts' median price target on the stock is 137 Swiss francs, and has risen 22.3% in the last 30 days - LSEG data

($1 = 0.8049 Swiss francs)

 (Reporting by Bernadette Hogg)

 ((bernadette.hogg@thomsonreuters.com))