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Sanitec prices IPO and commences listing on OMX Stockholm


Tuesday, 10 Dec 2013 01:00am EST 

Sanitec Corp:Says the company's IPO was over-subscribed several times.Says the final offering price per share was set at 61 Swedish crowns, corresponding to an equity value of Sanitec of 6,100 million Swedish crowns.Says the offering was increased by 12,173,914 shares, implying that a total of 52,173,914 shares, corresponding to 52.2 percent of the shares in Sanitec, are being sold by the company‚Äôs sole shareholder Sofia IV S.a r.l. (the Selling Shareholder), indirectly owned by EQT IV.Says the Selling Shareholder has granted an over-allotment option of up to 7,826,086 additional shares, representing up to 15.0 percent of the total number of shares in the offering.Says if the over-allotment option is exercised in full, the offering comprises 60,000,000 shares representing 60.0 percent of the shares in Sanitec.Says the offering is valued at 3,183 million Swedish crowns assuming that the over-allotment option is not exercised and 3,660 million Swedish crowns assuming that the over-allotment option is exercised in full.Says trading in the Sanitec share on NASDAQ OMX Stockholm commences on Dec. 10.