Accent to convert Candyking loans to preferred stock

According to reports, the Swedish GP will exchange SEK 500m for up to 25 million preferred shares in Candyking, pending an extraordinary vote due to take place in September.

The move will also see Accent take control of the company's board, as director Kurt Aldén and chairman Jan Ohlsson leave, while the GP's Emmanuel Ergul and Daniel Thonestad will be elected in their place. This would leave Accent with a majority vote on the board.

Earlier in 2014, the GP bought out fellow Swedish owner EQT, leaving Accent as the sole shareholder.

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