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EQT in solo move on alarm maker

EQT will become the sole owner of Sweden-listed alarm group Securitas Direct should its offer for the company succeed after its three bid partners agreed to be bought out by the Nordic private equity group.

ESML Interessenter, a joint venture including EQT and Swedish Investment funds Säkl, Melker Schorling and Investment Latour, which are Securitas Direct’s three largest shareholders, have increased their offer for the business from Skr26 per share to Skr27.50 per share, valuing Securitas at Skr10.1bn (€1.1bn)

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