Nordic Entertainment Group AB (publ) (NENT Group) has carried out a primary issuance of shares of SEK 4.35 billion at a subscription price of SEK 410 per share. The subscription price was determined through an accelerated book building procedure.
NENT Group is the Nordic region’s leading streaming company, operating streaming services, TV channels, radio stations and production companies. The company's Viaplay streaming service is available in every Nordic country and will launch in Estonia, Latvia, Lithuania, Poland and the US in 2021, followed by five additional markets by 2023.Carnegie and Citigroup acted as Joint Global Coordinators and Joint Bookrunners. Morgan Stanley and Swedbank acted as Joint Bookrunners. Baker McKenzie acted as legal advisor to the Joint Bookrunners as to Swedish and US law. Henric Roth, Joakim Falkner, and Marlene Wiklund from Baker McKenzie's Capital Markets team in Stockholm were involved in the transaction, as well as Megan Schellinger from the corresponding team in London.