Wed, April 03, 2024 at 06:32

• 

  Kang-hoon

  • Hello Annie.

  • Today's news is about Caverion Corporation.

  • On April 2nd, 2024, the company received an announcement under Chapter 9, Section 5 of the Finnish Securities Markets Act.

  • The indirect holding of Crayfish TopCo SARL has decreased below the threshold of 5 percent.

  • 
• Annie

  • Oh, really?😮 So, what does this mean for Caverion Corporation?

  
• 

  Kang-hoon

  • It means that Crayfish TopCo SARL no longer has a significant stake in Caverion.

  • In fact, their indirect holding in Caverion has decreased to zero shares.

• Annie

  • Wow!

  • That's a big change.😲 But why did this happen?

  
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• 

  Kang-hoon

  • This is related to the internal restructuring within Triton Investment Advisers LLP, which manages Triton Fund V. They intended to combine their portfolio companies Assemblin Group AB and Caverion under the same holding structure.

• Annie

  • I see...🤔 So, this restructuring resulted in Crayfish TopCo SARL losing its shares in Caverion?

  
• 

  Kang-hoon

  • Exactly.

  • The restructuring led to changes in the ownership structure of Crayfish BidCo Oy, which indirectly controlled Crayfish TopCo SARL.

  • As a result, they are no longer controlling shareholders in Crayfish BidCo Oy.

• Annie

  • Hmm...so what does this mean for Caverion's immediate ownership structure?

  
• 

  Kang-hoon

  • The changes do not affect Caverion's immediate ownership structure.

  • The total number of shares and voting rights of Caverion remains at 138,920,092.

• Annie

  • Got it!👍 So, is this news good or bad for the market?

  
• 

  Kang-hoon

  • In my opinion, this news is not particularly positive.

  • A decrease in shareholding by a major investor can often be seen as a lack of confidence in the company's future prospects.

  • 

  • However, it's important to note that this doesn't necessarily mean that Caverion is in trouble.

  • It could simply be a strategic move by Triton.

  • Upon comprehensive consideration, this news is perceived as a 😱Bearish.