(Reuters) -Air conditioner maker Carrier Global Corp said on Monday it would sell its remaining stake in Swedish wholesaler Beijer Ref AB to private equity fund EQT for about $1.1 billion. Carrier had about 26% of total votes in the refrigeration equipment wholesaler in September, after having sold about $300 million worth of shares then. The deal will give Carrier cash to cut its debt and fund growth initiatives, the company said in a statement. Citigroup Global Markets acted as a financial adviser to Carrier on the deal, which is expected to close by the end of December.