Ratos: Stofa acquires part of Canal Digital's cable TV business in Denmark
(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.
Stofa has acquired part of Canal Digital's Danish cable TV business from
Telenor. The enterprise value amounts to DKK 51m. The acquired business had
sales totalling DKK 83m in 2010. The acquisition is financed with available
liquid assets in Stofa.
The acquired operations are the pure-play cable TV business in Canal Digital
Denmark, which supplies TV and internet services to 31 antenna associations and
their members. In total the business has some 20,000 cable TV customers, 20,000
broadband customers and 6,300 VoIP customers. Sales in 2010 totalled DKK 83m and
the business has 9 employees.
"We are very pleased to be able to carry out this acquisition which opens up
significant synergies with our existing operations and will also allow us to
reach a larger share of the market with our services," comments Stofa's CEO
Klaus Høeg-Hagensen.
The enterprise value amounts to DKK 51m. The acquisition is financed with
available liquid assets in Stofa. The acquisition is completed on 31 October.
Stofa is a Danish triple-play operator (broadband, cable TV and telephony) which
provides some 350,000 Danish households with cable TV and 40% of them with
broadband as well. The services are delivered in close co-operation with 300
antenna associations throughout Denmark. In addition, Stofa also sells to end-
user subscribers who are offered interactive TV services (pay TV), broadband and
IP telephony. Stofa has approximately 430 employees and in 2010 sales totalled
SEK 1,411m with an operating profit (EBITA) of SEK 117m.
For further information, please contact:
Per Frankling, Investment Director Ratos, +46 8 700 17 80
Klaus Høeg-Hagensen, CEO Stofa, +45 28 27 05 20
Emma Rheborg, Head of Corporate Communications and IR Ratos, +46 8 700 17 20
Financial calendar from Ratos:
Interim Report January - September 2011 9 November 2011
Year-end report 2011 16 February 2012
Annual General Meeting 18 April 2012
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, Finnkino, GS-Hydro, Hafa
Bathroom Group, HL Display, Inwido, Jøtul, KVD Kvarndammen, Lindab,
Mobile Climate Control, SB Seating and Stofa. Ratos is listed on Nasdaq OMX
Stockholm and market capitalisation amounts to approximately SEK 29 billion.
Press release PDF:
http://hugin.info/1180/R/1559379/482218.pdf
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originality of the information contained therein.
Source: Ratos via Thomson Reuters ONE
[HUG#1559379]
Unternehmensinformation / Kurzprofil:
Datum: 31.10.2011 - 08:55 Uhr
Sprache: Deutsch
News-ID 81948
Anzahl Zeichen: 3681
contact information:
Town:
Stockholm
Kategorie:
Business News
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