THL Increases Stake in AutoStore Holdings to Over 25%
Funds associated with Thomas H. Lee Partners now hold more than 25% of AutoStore Holdings' shares and votes following the cancellation of treasury shares.
Funds affiliated with Thomas H. Lee Partners (THL) have increased their aggregate shareholding in AutoStore Holdings Ltd. to represent approximately 25.01% of the company's issued and outstanding shares and votes. This increase follows the completion of a cancellation of treasury shares by AutoStore.
The total number of shares held by THL-associated funds now stands at 853,231,232. The notification was made in accordance with Section 4-2 of the Norwegian Securities Trading Act.
AutoStore Holdings is known for its automated storage and retrieval systems, widely used in logistics and warehouse operations globally.
THL's significant stake underscores its continued commitment to AutoStore and could influence the company's strategic direction and governance moving forward.