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PE firm Segulah divests stake in construction contracting services provider

Nordic private equity firm Segulah Advisor AB, through Segulah Fund V, agreed to divest its stake in construction contracting services provider Zengun AB.

Following the acquisition, which was financed through a bond issue of 450 million Swedish kronor in the Nordic bond market, Zengun's founders have regained majority shareholding of the company.

Segulah acquired a majority stake in the company in March 2016, according to a May 27 release.

As of May 27, US$1 was equivalent to 9.58 Swedish kronor.