(PRESS RELEASE) STOCKHOLM, 16-Mar-2022 — /EuropaWire/ — Investor AB (STO: INVE-B), a Swedish investment and holding company founded in 1916, has announced its support for EQT AB, a purpose-driven global investment organization focused on active ownership strategies, for their acquisition of Baring Private Equity Asia, a leading private markets investment firm in Asia and Australia with EUR 17.7bn of assets under management.
The acquisition will considerably strengthen EQT’s global reach and the total consideration of EUR 6.8bn consists of 191.2m new ordinary EQT shares and EUR 1.5bn in cash.
As the largest shareholder of EQT AB, Investor AB supports the transaction and has irrevocably committed to vote in favor of the share issue authorization at EQT’s Annual General Meeting (AGM) in June 2022.
Upon closing of the transaction (subject to AGM’s approval and anti-trust and regulatory approvals) Investor will remain the largest shareholder in EQT AB with an ownership of approximately 14.6 percent. Investor today holds 17.4 percent of the capital.