Ratos has sold the holding in Lindab
2012-08-20
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 sold 8,849,157 shares in Lindab International AB (publ) to Systemair AB (publ). The sales price amounted to SEK 389m, corresponding to SEK 44 per share, with an exit gain of approximately SEK 85m. Following the sale, Ratos owns no shares in Lindab.
Ratos, together with Skandia Liv and AP6, made a buyout of Lindab from the stock exchange in 2001. The company was re-listed in 2006. In conjunction with the listing, Ratos sold approximately half of its holding and continued to own 22% until autumn 2010 when an additional 11% was sold. Following Friday's sale, Ratos owns no shares in Lindab.
Ratos's CEO Susanna Campbell comments: "We believe in Lindab's future and opportunities but our strategy is primarily to own unlisted companies. We retained our shares for longer than originally planned since the recent economic downturn has been difficult for Lindab, as it has for many other companies. Having supported Lindab in major action programmes in the first years of the crisis, we are now leaving a company which is continuing to improve its margins."
The total average annual return (IRR) on Lindab during the entire ownership period amounted to approximately 23%.
For further information, please contact: Susanna Campbell, CEO, +46 8 700 17 00 Emma Rheborg, Head of Corporate Communications & IR, +46 8 700 17 20
Financial calendar from Ratos:
Interim Report January - September 2012 9 November 2012
Year-end report 2012 15 February 2013
Annual General Meeting 2013 17 April 2013
Interim Report January - March 2013 8 May 2013
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, Arcus-Gruppen, Biolin Scientific, Bisnode, Contex, DIAB, Euromaint, Finnkino, GS-Hydro, Hafa Bathroom Group, HL Display, Inwido, Jøtul, KVD Kvarndammen, Mobile Climate Control, SB Seating and Stofa. Ratos is listed on Nasdaq OMX Stockholm and market capitalisation amounts to approximately SEK 22 billion.
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