By Dominic Chopping


STOCKHOLM--Swedish private-equity company EQT AB said Friday that Sweden's regulator has closed its probe into suspected violations of rules governing the release of inside information after finding no wrongdoing.

The Swedish Financial Supervisory Authority opened an investigation a year ago after EQT disclosed that its partners had sold 63.1 million shares for a total of 23.3 billion Swedish kronor ($2.18 billion) to institutional investors.

EQT said at the time of its IPO that its partners would be prevented from selling any company shares until September 2022, but it amended that restriction to boost trading in the stock by expanding the available free float of shares.

The probe centered on the timing of EQT's public disclosure of the share sale. Sweden's stock-market watchdog had indicated that EQT had held back on publicly disclosing the information after approving the plan.

"The inquiry has been concluded and found EQT to have acted correctly and appropriately," EQT Chief Executive Christian Sinding said.

"We took the handling of information very seriously throughout the lock-up revision process and are satisfied that this matter is now resolved."


Write to Dominic Chopping at dominic.chopping@wsj.com


(END) Dow Jones Newswires

09-09-22 0308ET