07:25 AM EDT, 05/07/2026 (MT Newswires) -- Swedish private equity company EQT (EQT.ST) launched a joint venture with US temperature-controlled warehousing and transportation company Americold Realty Trust.

Americold will contribute 12 cold storage facilities valued at $1.3 billion to the joint venture, according to a Thursday release. Americold expects cash proceeds of $1.1 billion from the deal, which it will use to repay outstanding debt.

EQT's Active Core Infrastructure fund will own a 70% interest in the joint venture, while Americold will retain the remaining 30% stake. Subject to regulatory approvals, the transaction is expected to close in the third quarter.