Mutares Reduces Stake in Terranor to 57% Amid Strong Performance

Mutares SE & Co. KGaA has announced the reduction of its ownership in Terranor Group AB to 57%. This move comes following strong trading performance and high demand from investors. The company successfully placed 2.5 million shares, representing 12.5% of Terranor's shares, yielding approximately EUR 6 million in gross proceeds.

The sale aimed to increase the liquidity of Terranor shares, broadening the shareholder base and enhancing market tradability. This strategic positioning is expected to make Terranor shares more attractive to a wider range of investors.

Mutares acquired Terranor's operations in 2020 and 2021, facilitating a return to revenue growth. The firm remains a significant shareholder, committed to supporting Terranor's strategic development. This transaction marks a step towards Mutares' exit target of EUR 200 million.