Finland reduces TeliaSonera stake from 11.7% to 10.1%

5 Sep 2013

Solidium, a limited company wholly owned by the State of Finland, today successfully placed 68 million shares in TeliaSonera, representing approximately 1.6% of the Swedish telecoms group’s outstanding share capital, in an accelerated bookbuilt offering to Nordic and other international institutional investors. Following the equity offering, the Finnish government’s holding (via Solidium) in TeliaSonera has decreased from 11.7% to 10.1%. The proceeds from the equity offering totalled approximately EUR368 million (USD485 million), representing a pre-tax gain for Solidium of around EUR128 million relative to the book value. Solidium has agreed to not dispose of any further TeliaSonera shares for a period of 90 days.

Sweden, Telia Company