EQT invests in British electricity meter company

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EQT invests in British electricity meter company
Photo: Amir Nabizadeh/TT

The Wallenberg sphere's risk capital company EQT has, together with GIC – an investment company from Singapore – purchased a majority stake in Calisen, a Manchester-based company focused on smart electricity meters and the transformation of the British energy system, writes EQT in a press release.

No purchase price is stated.

The sellers are a group of funds, including Blackrock and Goldman Sachs.

The EQT share falls by over 2 percent on the Stockholm Stock Exchange following the announcement.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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