Business Services Industry
Sweden's Investor AB reduces stake in EQT Partners AB
Nordic Business Report, Feb 23, 2007
NORDIC BUSINESS REPORT-23 February 2007-Sweden's Investor AB reduces stake in EQT Partners AB(C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com
Swedish investment company Investor AB said on Thursday (22 February) that it has agreed to sell part of its ownership in the investment adviser EQT Partners AB to the partners of the advisory company.
The EUR31.2m transaction will reduce Investor's stake in EQT Partners from the current 67% to 31%.
"The change in ownership is designed to strengthen the platform for EQT's continuing development and make EQT's independence clearer," Investor said.
EQT Partners has approximately 120 employees and advises 11 funds.
Investor, based in Stockholm, Sweden, is the Nordic region's leading industrial holding company and a leading shareholder in a number of multinational companies, including Ericsson, SEB and Atlas Copco. The company also conducts private equity activities in the United States, Northern Europe and Asia. Investor is listed on the Nordic Exchange in Stockholm.
One British pound (GBP) is worth approximately 1.48 euros (EUR).
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