Sweden’s EQT hit by market abuse probe

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EQT Partners AB updatesSign up to myFT Daily Digest to be the first to know about EQT Partners AB news. Swedish regulators have opened a market abuse investigation into private equity group EQT after a controversial $2.7bn share sale by top executives.Shares in EQT fell 6 per cent on Friday morning after the Swedish Financial Supervisory Authority said it was looking into whether one of Europe’s largest private equity groups had violated market abuse regulations by failing to disclose insider information promptly.Several EQT shareholders have expressed anger over the decision by partners at the private equity company to sell $2.7bn of shares a year earlier than stated in a lock-up agreement. EQT announced this month that existing and former partners, including chair and founder Conni Jonsson and chief executive Christian Sinding, would sell 63m shares in the group representing about 6 per cent of the total capital and 11 per cent of the top executives’ hol
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