Private equity firm EQT has resolved to initiate a share buyback program of up to approximately 4.37 million ordinary shares, for a maximum amount of SEK 2.5 billion.

The buyback represents 0.35 percent of EQT's share capital, equivalent to approximately SEK 1.36 billion based on the closing price on May 11.

The program will run from July 20 to September 4 this year.

'The purpose of the buyback program is to adjust EQT's capital structure (through the cancellation of shares) and to allocate shares to the company's board members,' EQT stated in a comment.

EQT recently concluded a buyback program in which approximately 3 million shares were repurchased.