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Nordic Capital further cuts stake in Resurs Holding

Cidron Semper Ltd. sold 17.5 million shares in Resurs Holding AB (publ), representing an 8.75% stake in the Swedish bank, at a price of 56 Swedish kronor per share, Nordic Capital Ltd. said Feb. 14.

Gross proceeds from the sale, which was carried out through an accelerated bookbuilding process, amounted to 980 million kronor. Following the sale, Cidron's shares in Resurs Holding fell to 34,865,318 shares, representing a stake of 17.4%.

Cidron agreed to a lockup period from selling its remaining shares in Resurs Holding until the publication of the latter's next interim report, expected April 25.

Carnegie Investment Bank AB acted as book runner on the deal.

Cidron, which sold a similar stake in Resurs Holding a year ago, is ultimately owned by Nordic Capital Fund VII.

As of Feb. 14, US$1 was equivalent to 8.00 Swedish kronor.