Carrier Global Corporation’s SEK 2.7 Billion Sale of Shares in Beijer Ref

Vinge has advised Carrier Global Corporation.

Carrier Global Corporation announced that it intends to sell approximately 9 million B shares of Beijer Ref AB, equal to approximately 7.7% of the outstanding B shares in Beijer Ref, through an accelerated equity offering.

The total number of shares offered and the price of the shares will be decided by Carrier at the close of a book building process, which commences immediately.

The sold shares equal approximately 7.9 percent of the outstanding B shares in Beijer Ref. Following the transaction, Carrier continues to hold approximately 30 percent of the Beijer Ref B share capital, approximately 22 percent of the Beijer Ref A share capital and approximately 26 percent of the Beijer Ref total votes.

Carrier is a leading global provider of innovative heating, ventilating and air-conditioning (HVAC), refrigeration, fire, security and building automation technologies.

Beijer Ref provides commercial and industrial refrigeration as well as heating and air conditioning products, and is listed on the Nasdaq Stockholm.

Vinge’s team consisted of Charlotte Levin (Picture), Linnéa Sellström, Anders Sundin Lundberg and Clara Sohlberg.

Involved fees earner: Charlotte Levin – Vinge; Anders Sundin Lundberg – Vinge; Linnéa Sellström – Vinge; Clara Sohlberg – Vinge;

Law Firms: Vinge;

Clients: Carrier Global Corporation;