Acquisition of minority holding in Inwido Finland
(Thomson Reuters ONE) - Ratos has acquired approximately 25% of the shares in Inwido FinlandOy. The purchase price amounts to EUR 8.7m and was paid with 503,640newly issued B shares in Ratos.Ratos has acquired a minority holding corresponding to approximately25% of the shares in Inwido Finland Oy from Timo Vannas. Backed by adecision made at Ratos's 2009 Annual General Meeting, the Ratosboard decided on payment through a directed new issue of 503,640Ratos B shares. The subscription price is SEK 177.32 per share whichcorresponds to a volume-weighted average price paid on NASDAQ OMXStockholm on 19 November 2009. The total subscription price for thenew B shares amounts to SEK 89.3m and will be paid in capitalcontributed in kind comprising 133,408 shares in Inwido Finland Oy.Subscription for shares and payment were carried out in conjunctionwith the board's new issue decision. The non-cash issue has increasedRatos's share capital by SEK 3.2m to SEK 1,019.7m and the totalnumber of shares amounts to 161,852,892.Ratos will sell on all shares acquired in Inwido Finland Oy to InwidoAB, which will subsequently have a 98% holding in Inwido Finland Oy.Ratos acquired the leading Swedish window and exterior doormanufacturer Inwido in 2004. Through 30 add-on acquisitions thecompany has subsequently acquired a strong market position inFinland, Denmark and Norway. Operations are also conducted in the UK,Ireland, Poland and Russia. The company's brands include Elitfönster,Tiivi, Storke, Diplomat and Allan Brothers.The group currently has 3,430 employees and sales in 2008 totalledSEK 5,639m with an operating profit (EBITA) of SEK 323m. In theperiod January-September 2009 sales amounted to SEK 3,553m (4,229)and operating profit was SEK 230m (297).Ratos's holding in Inwido amounts to 96%.For further information, please contact:Arne Karlsson, CEO Ratos, +46 8 700 17 00Clara Bolinder-Lundberg, Head of Corporate Communications Ratos, +468 700 17 63Financial calendar from Ratos:Year-end report 2009 18 February 2010Annual General Meeting 2010 15 April 2010Interim Report January - March 2010 6 May 2010Interim Report January - June 2010 20 August 2010Interim Report January - September 2010 4 November 2010Ratos is a listed private equity company. The business concept is tomaximise shareholder value over time by investing in, developing anddivesting primarily unlisted companies. Ratos offers investors aunique investment opportunity. Ratos's equity is approximately SEK 15billion and has a market capitalisation of approximately SEK 28billion. Ratos's holdings include AH Industries, Anticimex, ArcusGruppen, Bisnode, Camfil, Contex, DIAB, EuroMaint, GS-Hydro, HafaBathroom Group, Haglöfs, HL Display, Inwido, Jøtul, Lindab, MCC,Medisize, Scandinavian Business Seating, Superfos and Other holdings.http://hugin.info/1180/R/1356291/329519.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 20.11.2009 - 08:46 Uhr
Sprache: Deutsch
News-ID 8668
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