Signed · Sweden · Financial services and insurance
eQ agrees to acquire Genesta.
Helsinki-based asset manager eQ signed a share purchase agreement on 23 October 2026 for all shares in Genesta Property Nordic AB, a Nordic real estate investment manager running three funds with offices in Stockholm, Helsinki, Oslo, Copenhagen and Luxembourg. Closing needs regulatory approvals and is expected by the first quarter of 2027. It was signed on 23 October 2026. It had not completed by 28 October 2026.
SigningDay 100
Signing 23 October 2026
- Buyer
- eQ Plc ·Helsinki, Finland
- Target
- Genesta Property Nordic AB ·Stockholm, Sweden
- Type
- Acquisition
- Announced
- 23 October 2026
- Signed
- 23 October 2026
- Value
- up to EUR 15.5 million
- People
- 30
- Last checked
- 28 October 2026
The people side in Sweden
- Where the deal needs EU merger clearance, the buyer may not implement it before clearance. EU Merger Regulation (Council Regulation (EC) No 139/2004), article 7
- In an asset deal, staff move on their existing terms, and the transfer alone is no ground for dismissal. Acquired Rights Directive (Council Directive 2001/23/EC), articles 3 and 4
- In an asset or business transfer, seller and buyer each inform their staff representatives in good time of the date, reasons, implications and planned measures, and consult on those measures. Acquired Rights Directive (Council Directive 2001/23/EC), article 7
- Depending on the country, undertakings with 50 or more employees, or establishments with 20 or more, inform and consult employee representatives on decisions likely to change work organisation or contractual relations substantially. Information and Consultation Directive (Directive 2002/14/EC), articles 3 and 4
Sources
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