Investor AB Buys Extra Stake in EQT For $352 Million
By Dominic Chopping
STOCKHOLM--Investor AB said it bought 12.5 million shares in Swedish buy-out group EQT for around 3.5 billion Swedish kronor, equivalent to $351.8 million.
The company said Friday it bought the shares at a price of 282.7 kronor a share, lifting its overall stake to 195.8 million shares, representing 14.98% of EQT's share capital and votes.
EQT shares closed Thursday at 288.50 kronor.
It also said it divested 2 million shares in Swedish bank SEB for 376 million kronor during the quarter, and entered into a new contract to sell a further 2 million shares with settlement during the fourth quarter.
Investor announced the news as it reported a total shareholder return of 1% in the third quarter, compared with a return of 5% in the prior-year period.
Investor AB's net asset value per share rose to 359 kronor at the end of September from 354 kronor at the end of June. On an adjusted basis, NAV per share stood at 411 kronor, while net profit attributable to shareholders fell to 11.91 billion kronor in the third quarter from 59.83 billion kronor a year earlier as the value of its investments decreased.
Investor AB is the investment vehicle of Sweden's prominent Wallenberg family.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
October 16, 2026 03:03 ET (07:03 GMT)
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