EQT raises AcadeMedia bid

The earlier bid of SEK 190 per share, was already a 11.8% premium on the Providence bid.

As previously reported in unquote", several shareholders have already said they will support EQT's bid. Currently, Lannbo funds, Swedbank Robur funds, and the Fourth Swedish Pension Fund (AP4) - representing nearly a quarter of the share capital - have committed to accepting EQT's latest offer, provided no higher bids are made.

Investors accounting for around 7% of the share capital; including Länsförsäkringer, Alfred Berg funds and Josef Elias, have also expressed interest in EQT's offer.

AcadeMedia has been listed on the OMX since 2001. It runs pre-schools, compulsory and upper-secondary schools as well as adult education in 150 locations. The schools have a total of 45,000 students and participants and employ 2,500.

The bid is made from EQT's fifth fund and structured through the holding company, Svensk Utbildning Interessenter. With the increase in price, the offer period has been extended to 31 May.

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