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Scandic is preparing its IPO

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Published on 02/05/14 - Updated on 17/03/22

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EQT, the owner of the Swedish hotel chain, is planning a stock market listing for Scandic this year.

Scandic Hotels is preparing to enter the stock market. EQT, owner of the Swedish hotel chain plans to introduce it to the stock exchange with an initial public offer of 1 billion euros. According to Reuters, Scandic's stock market listing could become a reality this year.

EQT bought Scandic Hotels from Hilton Hotels in 2007 and currently owns 78% of the company. The announcement of the company's introduction to the stock exchange follows Scandic's takeover of its Scandinavian competitor Rica Hotels, representing a portfolio of 72 hotels in Norway and in Sweden, (read our article) by two months. The brand has a network of more than 223 properties in Nordic countries.

Scandic Hotels Group
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Scandic Hotels Group

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  • Scandic Hotels Group Sweden
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