Ratos to receive SEK 130m dividend from Arcus
(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's subsidiary Arcus-Gruppen has decided to implement a refinancing
amounting to NOK 220m and in conjunction with this to distribute a total of NOK
140m (approximately SEK 160m), of which Ratos's share amounts to approximately
SEK 130m. The refinancing has been made possible by the company's favourable
development in recent years.
Arcus-Gruppen is Norway's leading spirits producer and one of the largest wine
suppliers in the Nordic region through its subsidiaries Vingruppen, Vinordia and
Arcus Wine Brands. The group's best-known brands include Braastad Cognac, Linie
Aquavit, Løiten and Vikingfjord Vodka.
"Arcus-Gruppen has had a very good earnings development since we acquired the
company in 2005. The refinancing and distribution now being carried out have
been made possible by the company's strong balance sheet and good cash flows,"
says Ratos CEO Arne Karlsson.
This dividend means that Ratos's consolidated value will decrease by
approximately SEK 130m to SEK 660m, based on the book value at 31 December
2010. The refinancing will have no impact on Ratos's earnings.
Ratos's holding in Arcus-Gruppen amounts to 83%.
For further information, please contact:
Arne Karlsson, CEO, +46 8 700 17 00
Emma Rheborg, Head of Corporate Communications and IR, +46 8 700 17 20
Financial calendar from Ratos:
Annual General Meeting 2011 5 April 2011
Interim Report January - March 2011 5 May 2011
Interim Report January - June 2011 19 August 2011
Interim Report January - September 2011 9 November 2011
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, Anticimex, Arcus-Gruppen,
Biolin Scientific, Bisnode, Contex, DIAB, EuroMaint, GS-Hydro, Hafa Bathroom
Group, HL Display, Inwido, Jøtul, KVD Kvarndammen, Lindab, Medisize, Mobile
Climate Control, SB Seating, Stofa and Other holdings. Ratos is listed on NASDAQ
OMX Stockholm and market capitalisation amounts to approximately SEK 39 billion.
Press release PDF:
http://hugin.info/1180/R/1500071/435536.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#1500071]
Unternehmensinformation / Kurzprofil:
Datum: 25.03.2011 - 11:11 Uhr
Sprache: Deutsch
News-ID 52815
Anzahl Zeichen: 3274
contact information:
Town:
Stockholm
Kategorie:
Business News
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