EQT to Sell Approximately 20 Million Shares in Beijer Ref AB

EQT, a major shareholder in Beijer Ref AB, has announced plans to sell approximately 20 million shares in the company. This sale represents about one-third of EQT’s stake in Beijer Ref AB.

The shares will be sold through a block sale to institutional investors. This move has contributed to a decline in Beijer Ref AB’s stock price, as well as the overall Swedish stock market, OMXS30, which fell by 0.4% on Wednesday.

The sale is part of EQT’s strategy to reduce its holding in Beijer Ref AB. The company’s stock price has been affected by the uncertainty surrounding the sale.

Key Details

• Number of shares to be sold: approximately 20 million
• Percentage of EQT’s stake in Beijer Ref AB: about one-third
• Sale method: block sale to institutional investors
• Impact on Beijer Ref AB’s stock price: decline
• Impact on OMXS30: 0.4% decline on Wednesday