Ratos and other owners considering diversifying ownership of Aibel

2021-05-20

Aibel’s owners, including Ratos AB (publ) (“Ratos”), are considering the possibility of diversifying the company’s ownership, preferably through a listing on the Oslo Børs, in order to further accelerate its transition into the renewable energy industry. However, a final decision has not been taken.

Ratos currently owns 32% of Aibel. The other owners are Ferd (50%) and Sixth AP Fund (18%).

“Aibel has undergone an outstanding transition over the past five years with Mads Anderson as CEO. Its operations are stable, and half of the order book now comprises projects related to offshore wind power and electrification. The company is in a transitional period, and the Board and owners believe it would be advantageous to further improve the company’s financial conditions for continued growth,” says Christian Johansson Gebauer, Business Area Manager at Ratos and Board member of Aibel.

For further information about Aibel, visit https://aibel.com

For further information:
Christian Johansson Gebauer, Head of Business Area Construction & Services
+46 8 700 17 00

Johan Hähnel, Acting Head of Communications and IR
+46 8 700 17 00

This release is not and does not form part of an offer of securities for sale in the United States or in any other jurisdiction. Securities may not be offered or sold in the United States absent registration or an exemption from registration.

About Ratos:
Ratos is a business group consisting of 12 companies divided into three business areas: Construction & Services, Consumer and Industry. In total 2020, the companies have approximately SEK 34 billion in sales. Our business concept is to develop companies headquartered in the Nordics that are or can become market leaders. We enable independent companies to excel by being part of something larger. People, leadership, culture and values are key focus areas for Ratos. Everything we do is based on Ratos’s core values: Simplicity, Speed in Execution and It’s All About People.