EQT offers to buy wind developer OX2 in US$1.5bil deal

The deal is the latest sign of the firm’s increasing involvement in the renewables sector in Europe and the United States. — Bloomberg

STOCKHOLM: EQT AB is bolstering its green ambitions by seeking to take one of Sweden’s largest wind park developers private.

The private equity firm’s EQT Infrastructure VI is offering 16.4 billion kronor (US$1.5bil) for OX2 AB, a 43.4% premium from last close, the firm said in a statement. The wind company’s shares jumped the most on record when trading started in the Swedish capital on Monday.