Suse rises after EQT says it plans to raise stake
01/08/2022 08:39
** Shares in Suse SUSEG.DE rise 5.7% after Swedish
financial investor EQT EQTAB.ST said on Friday it planned to
"opportunistically increase its stake" in the Linux software
provider urn:newsml:reuters.com:*:nASM000LGS
** EQT to buy Suse shares for up to 100 million euros ($102
million) within nine months from Aug. 8
** At Friday's closing price of EUR 17.47, EQT could
increase its stake by around 3.4 percentage points to almost 80%
** Suse has shed about 40% of its value since it went public
in May 2021
** Earlier this year, other investors such as Thoma Bravo
had approached Suse and EQT, but the Swedish investor rejected
their offers, sources familiar with the matter said at the time
urn:newsml:reuters.com:*:nL8N2ZA7MZ
** EQT commissioned investment bank Morgan Stanley MS.N to
buy the shares
($1 = 0.9776 euros)
(Reporting by Linda Pasquini, additional reporting by Reuters
German market team)
((linda.pasquini@thomsonreuters.com))