Watchdog to take no action against private equity group over disclosures about $2.7bn share sale by executives
Sweden’s financial regulator has closed a year-long market abuse probe into a $2.7bn share sale by top executives at private equity group EQT and will not take action against the buyout group.
Under the lock-up agreement from EQT’s 2019 initial public offering, shares were not supposed to be sold until September 2022. But EQT said on September 7 last year that the lock-up would be partially ended a year early, allowing partners at the company to sell $2.7bn of stock.
EQT manages roughly €77bn and its main shareholder is the investment vehicle of Sweden’s Wallenberg family.
Read more: FT
