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POS - BEWI Invest has completed sale of 18 million B-shares in Logistea

Company: Bewi Invest AS Date: 2025-06-03 Language: English Register to download
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 BEWI Invest has completed sale of 18 million B-shares in Logistea

# BEWI Invest has completed sale of 18 million B-shares in Logistea

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, JAPAN, CANADA OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR REQUIRE REGISTRATION OR ANY OTHER MEASURE IN ACCORDANCE WITH APPLICABLE LAW. PLEASE SEE ”IMPORTANT INFORMATION” AT THE END OF THE PRESS RELEASE.  

  

BEWI Invest has completed sale of 18 million B-shares in Logistea  

  

  

BEWI Invest AS (”BEWI”) has completed an accelerated book building procedure and sold 18,000,000 B-shares in Logistea AB (publ) (”Logistea”) to Swedish and international institutional investors at a price of SEK 13.90 per share, corresponding to total sales proceeds of approximately SEK 250 million (the ”Sale”). Logistea has, in connection with the Sale, carried out a directed share issue of 36 million B-shares in Logistea at the same price per share (the ”Share Issue”, and together with the Sale, the ”Transaction”).  

  

The reason for BEWI’s sell-down is linked to its intention to adjust its capital structure and to better equip BEWI for future possibilities. BEWI’s trust in Logistea’s management remains strong and BEWI will continue to be a major shareholder in Logistea following the Transaction, with close to 10 percent of its gross assets invested in Logistea. Following the Transaction, BEWI’s remaining ownership amounts to 5,894,037 A-shares and 29,925,005 B-shares, corresponding to approximately 7.0 percent of total capital and approximately 11.9 percent of total votes in Logistea, post the Share Issue.  

  

BEWI has undertaken, with certain exceptions, not to sell or in other ways dispose of its remaining shares in Logistea for a period of 90 calendar days after the settlement date of the Transaction, without the consent of the Joint Bookrunners.  

  

DNB Carnegie, Nordea Bank Abp, filial i Sverige and Swedbank AB (publ) acted as Joint Bookrunners in connection with the Sale. Advokatfirman Cederquist is legal adviser to BEWI.  

  

For additional information, please contact:  

Bjørnar André Ulstein, CEO, bau@bewiinvest.com  

  

About BEWI Invest AS  

BEWI Invest is a Norwegian industrial owner with a portfolio mainly comprised of companies operating within three key segments: industrials, real estate, and seafood. The group has a long-term perspective and has demonstrated a proven track record of value creation and growth. Through active and responsible ownership, BEWI Invest has been instrumental in the growth and value creation in its portfolio companies with sustainability at the core. For more information: www.bewiinvest.com  

  

Important information  

The release, announcement or distribution of this press release may, in certain jurisdictions, be subject to restrictions according to law and recipients of this press release in jurisdictions where this press release has been published or distributed should inform themselves of and follow such legal restrictions. The recipient of this press release is responsible for using this press release, and the information contained herein, in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer to sell, or a solicitation of any offer, to acquire or subscribe for any securities in Logistea AB (the “Company”) in any jurisdiction, neither from the Company nor from someone else.  

  

This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933, as amended (the ”Securities Act”), and may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States. The information in this press release may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, within or into the United States, Australia, Japan, Canada, or in any other jurisdiction where such announcement, publication or distribution of the information would not comply with applicable laws and regulations or where such actions are subject to legal restrictions or would require registration or other measures than what is required under Swedish law. Actions taken in violation of this instruction may constitute a crime against applicable securities laws and regulations.  

  

This press release is not a prospectus as set forth in Regulation (EU) 2017/1129 (the ”Prospectus Regulation”) and has not been approved by any regulatory authority in any jurisdiction. The Company has not approved any securities offering to the public in any member state of the EES and no prospectus has been published or will be published in connection with the Transaction. In each member state of the EES, this message is only directed towards ”qualified investors” in that member state in accordance with the definition in the Prospectus Regulation.  

  

In the United Kingdom, this document and any other materials in relation to the securities described herein is only being distributed to, and is only directed at, and any investment or investment activity to which this document relates is available only to, and will be engaged in only with, ”qualified investors” (according to the definition in article 86(7) of the British Financial Services and Markets Act 2000) who are (i) persons having professional experience in matters relating to investments who fall within the definition of ”investment professionals” in Article 19(5) of the British Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the ”Order”); or (ii) high net worth entities falling within Article 49(2)(a)-(d) of the Order (all such persons together being referred to as ”relevant persons”). In the United Kingdom, any investment or investment activity to which this communication relates is available only to, and will be engaged in only with, relevant persons. Persons who are not relevant persons should not take any action on the basis of this press release and should not act or rely on it.  

  

This press release does not identify, or purport to identify, risks (direct or indirect) that may be associated with an investment in the securities described herein. Any investment decision in connection with the Sale must be made on the basis of all publicly available information relating to the Company and the Company’s shares. Such information has not been verified by the Joint Bookrunners. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. This press release does not constitute a recommendation for any investors' decisions regarding the Transaction. Each investor or potential investor should conduct an examination on their own, analysis and evaluation of the business and information described in this press release and any publicly available information. The price and value of the securities can decrease as well as increase. Achieved results do not provide guidance for future results.  

  

Information to distributors  

In order to comply with the product governance requirements contained in: (a) Directive 2014/65/EU of the European Parliament and of the Council on markets in financial instruments, as consolidated, (”MiFID II”); (b) Articles 9 and 10 of Commission Delegated Directive (EU) 2017/593, which complements MiFID II; and (c) national implementing measures (together, the ”MiFID II Product Governance Requirements”) and to disclaim any extra-contractual, intra-contractual or other liability to which any ”manufacturer” (within the meaning of the MiFID II Product Governance Requirements) may otherwise be subject, the shares of Logistea have been subject to a product approval process, which has determined that these shares are: (i) suitable for a target market consisting of retail investors and investors meeting the criteria of professional clients and eligible counterparties, as defined in MiFID II (the ”Positive Target Market”); and (ii) suitable for distribution through all distribution channels permitted under MiFID II. Distributors should note that: the price of Logistea’s shares may fall and investors may lose all or part of their investment; that Logistea’s shares are not subject to any guarantee of return or capital protection; and an investment in Logistea’s shares is only suitable for investors who are not in need of a guaranteed return or capital protection and who (alone or with the assistance of an appropriate financial or other adviser) are capable of evaluating the merits and risks of such investment and have sufficient resources to bear the losses that may result from such investment. Conversely, an investment in the shares of Logistea is not suitable for investors who need full capital protection or full repayment of the amount invested, cannot bear any risk or who require a guaranteed or predictable return (the ”Negative Target Market”, and together with the Positive Target Market, the ”Target Market”). The Target Market assessment is without prejudice to any other requirements regarding contractual, legal or regulatory sales restrictions in relation to the Transaction. Furthermore, it should be noted that notwithstanding the Target Market assessment, the Joint Bookrunners will only provide investors who meet the criteria of professional clients and eligible counterparties.  

  

For the avoidance of doubt, the Target Market Assessment does not constitute: (a) an assessment of suitability or appropriateness for the purposes of MiFID II or UK MiFIR; or (b) a recommendation to any investor or group of investors to invest in, or purchase, or take any other action whatsoever with respect to the shares in the Company.  

  

Each distributor is responsible for undertaking its own target market assessment in respect of the shares in the Company and determining appropriate distribution channels.