By Dominic Chopping

STOCKHOLM--Swedish private-equity firm EQT AB said Thursday it has bought Danish ferry and floating bridge operator Molslinjen A/S from a group of shareholders led by Denmark's Polaris.

EQT Infrastructure said it will support Molslinjen's continued sustainability agenda through investments in the decarbonization of the ferry fleet and the acceleration of the transition to renewable fuel sources.

Molslinjen has more than 700 employees and 15 vessels serving over eight million people per year across nine routes, including connections to Sweden and Germany. It generated revenues of around 1.9 billion Danish kroner ($309 million) in 2019.

Financial details weren't disclosed.

With this transaction, EQT Infrastructure V is expected to be 20%-25% invested based on its target fund size of 12.5 billion euros ($15.1 billion), and subject to customary regulatory approvals.

The deal is expected to close in early 2021.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

12-10-20 0323ET