Initiates Securitas Direct squeeze-out ..

ESML Interessenter AB, wholly-owned by EQT V Limited, announced a public cash offer for all shares in Swedish security services company Securitas Direct AB during autumn last year. The offer was completed in March this year, at which point ESML had reached an ownership of approximately 80%. Securitas Direct's B-shares were subsequently de-listed from OMX Nordic Exchange in August.

ESML's ownership has now risen to 99.5%, and EQT is currently initiating the compulsory squeeze-out of the remaining minority shares. None of the recent acquisitions to reach 90% have been made at prices exceeding the public cash offer of SEK 27.50. A 10% stake was acquired from US hedge fund Pennant for SEK 26.25 per share.

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