Ratos increases ownership in Jøtul
(Thomson Reuters ONE) -
This information is disclosed in accordance with the Securities Markets Act, the
Financial Instruments Trading Act or demands made in the exchange rules.
Ratos has signed an agreement to acquire Accent Equity 2003 Fund's shares in
Jøtul, thereby increasing its ownership in the company from 61% to 93%. The
purchase price is NOK 12m (approximately SEK 13m). The acquisition is subject to
approval from the relevant authorities and is expected to be completed in July.
The Norwegian company Jøtul is one of Europe's largest makers of wood stoves,
with manufacturing in Norway, Denmark, France, Poland and the USA. The company
dates back to 1853 and its products are sold worldwide, mainly through
specialised stores, but also in the DIY market. In 2012 Jøtul had sales of SEK
913m and posted an operating loss (EBITA) of SEK -52m. Ratos has been an owner
of Jøtul since 2006.
For further information, please contact:
Susanna Campbell, CEO Ratos, +46 8 700 17 00
Emma Rheborg, Head of Corporate Communications and IR Ratos, +46 8 700 17 00
Financial calendar from Ratos:
Interim Report January - June 2013 15 August 2013
Interim Report January - September 2013 8 November 2013
Ratos is a private equity conglomerate. The company's mission is to maximise
shareholder value over time through the professional, active and responsible
exercise of its ownership role in primarily medium to large unlisted Nordic
companies. Ratos's holdings include AH Industries, Aibel, Arcus-Gruppen, Biolin
Scientific, Bisnode, DIAB, Euromaint, GS-Hydro, Hafa Bathroom Group, HL Display,
Inwido, Jøtul, KVD Kvarndammen, Mobile Climate Control, Nebula, Nordic Cinema
Group and SB Seating. Ratos is listed on Nasdaq OMX Stockholm and market
capitalisation amounts to approximately SEK 16 billion.
Press release PDF:
http://hugin.info/1180/R/1711736/567961.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Ratos via Thomson Reuters ONE
[HUG#1711736]
Unternehmensinformation / Kurzprofil:
Datum: 25.06.2013 - 08:45 Uhr
Sprache: Deutsch
News-ID 272770
Anzahl Zeichen: 2641
contact information:
Town:
Stockholm
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 128 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Ratos increases ownership in Jøtul"
steht unter der journalistisch-redaktionellen Verantwortung von
Ratos (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
