The Norwegian investment firm Ferd has sold 3.5 million shares in the e-commerce company Boozt, according to a press release.
The divested stake represents approximately 5.3 percent of Boozt's capital. The shares were sold at SEK 105 each, corresponding to a discount of about 7.3 percent compared to the latest closing price. SEB and Danske Bank handled the transaction.
Following the sale, Ferd retains 4.29 million shares, which equates to roughly 6.6 percent of the outstanding shares and votes in Boozt.
In connection with the sale, Ferd has entered into a 90-day lock-up agreement regarding the sale of additional shares in Boozt.
Ferd was an anchor investor when Boozt was listed on the stock exchange in 2017 and has since both bought and sold smaller stakes in the company. This marks the first time the firm has conducted a major share sale.
Boozt shares are down 10 percent this year but have risen nearly 30 percent over the past three months.
