Carnegie acted as Sole Global Coordinator and Sole Bookrunner in Altor’s purchase of 3.8% of the outstanding shares in FLSmidth & Co.

Carnegie advised Altor in the purchase of 2,208,922 shares, corresponding to approximately 3.8% of total shares outstanding, in FLSmidth & Co. A/S through an Accelerated Bookbuild Purchase Offering of secondary shares. The shares in the ABPO were purchased from Danish and international institutional investors at a price of DKK 315 per share, which represented a 10.6 % premium to last close.

Following the share purchase, Altor holds shares corresponding to 14.9% of the outstanding share capital in the company.

About Altor

Since inception, the family of Altor funds has raised EUR 8.3 billion in total commitments. The funds have invested in excess of EUR 5 billion in more than 85 companies. The investments have been made in medium-sized predominantly Nordic and DACH companies with the aim to create value through growth initiatives and operational improvements. Among current and past investments are H2 Green Steel, Norican, Wrist Ship Supply, Multi-Wing, OX2, Vianode, Tibber, and Svea Solar.

About FLSmidth & Co. A/S

FLSmidth & Co. A/S provides sustainable productivity to the global mining and cement industries. The company delivers market-leading technology, products and service solutions that enable its customers to improve performance, drive down costs and reduce environmental impact. MissionZero is the company’s sustainability ambition towards zero emissions in mining and cement by 2030. FLSmidth works within fully validated Science-Based Targets, its commitment to keep global warming below 1.5°C and to becoming carbon neutral in its own operations by 2030.

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