EQT sells remaining shares in Duni

EQT has SOLD its remaining stake of 16.72% in Duni AB, a Swedish tabletop supplier. According to reports, EQT received approximately SEK 322m for its 7.9 million shares. This is based on a price of SEK 41 per share. The sale was made through Duni Holding AB.

EQT acquired 50% of Duni in 1997 for an estimated SEK 4.7bn, and became the sole owner in 2001. During its ownership EQT invested heavily in the business and made add-ons to support growth. It floated the company in 2008, achieving a market-cap of EUR250m. Following the listing on OMX Nordic Exchange, the investor retained a minority stake in the company, but sold a further 22% of its shares in May 2008. EQT is now completely divested in Duni.

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