Scandic Hotels Group AB, an EQT V portfolio company, has started trading on Nasdaq Stockholm.

Scandic, founded in 1963, is the largest Nordic hotel operator with an unrivalled network in the Nordic region and selective coverage in Germany, Poland and Belgium. In total Scandic's network encompasses 224 hotels and almost 42,000 hotel rooms in seven countries.

EQT V acquired Scandic in 2007.

SPEAS has made an investment commitment of EUR 40m to the private equity fund EQT V.

View the press releases from Scandic here

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