[rapht]

Basically from quick math, this amounts to financing 80% of the buyback through debt and 20% through presumably cash brought by the investors listed alongside EQT in the press release. (If all non EQT shareholders accept the offer, EQT will earn c.€460m in dividend, while the full cost of buying back those same shareholders, including dividend, is c.€580m.) What we don't know is how much EQT will be diluted by those new investors in the end.