EQT hit by big insider trade worth SEK 23.3bn

Private equity firm EQT has come into trading headwinds after several partners offloaded stock in the group.

Det har været dyrt at være EQT-aktionært de seneste dage. | Photo: Thomas Borberg

EQT is taking a beating in Stockholm trading Wednesday after several partners have sold equity worth SEK 23.3bn (EUR 2.29bn) in the private equity firm, reports Bloomberg News, pointing out this takes place after the company opted to allow insiders to trade EQT stock earlier than planned in the wake of a big valuation surge after its 2019 listing.

EQT's share price fell by 4.9 percent to SEK 380.80 after insiders sold a total of 63.1 million shares at SEK 370 a piece.

The Stockholm-based firm's valuation had otherwise sextupled since its listing in September of 2019, having been driven by record-large volumes of capital and a great many trades.

On the Danish market, EGT has participated in listing construction group Huscompagniet, the last shares of which the private equity firm sold off in mid-August.

To ease that sale, EQY slackened restrictions set up to prevent insider equity divestment until September of 2022.

The insider traders include Connie Jonsson, who has sold 5.3 million shares, and Morten Hummelmose, who has also offloaded interest in connection with the big sale.

Asset manager targets Nordic investors for new impact PE fund 

EQT plans to step up hiring as assets under management soar


More from AMWatch

After two years of preparation: Robur launches dark green prestige fund

Sweden's largest fund manager is launching a climate impact fund with Swedbank's insurance unit as anchor investor. "We've had some great interest from larger investors and are in close contact with several potential investors that have expressed an interest," the new fund's portfolio manager tells AMWatch.

Further reading

Related articles

Trial banner

Latest news


Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch