Ratos has acquired approximately 25% of the shares in Inwido Finland
Oy. The purchase price amounts to EUR 8.7m and was paid with 503,640
newly issued B shares in Ratos.
Ratos has acquired a minority holding corresponding to approximately
25% of the shares in Inwido Finland Oy from Timo Vannas. Backed by a
decision made at Ratos's 2009 Annual General Meeting, the Ratos
board decided on payment through a directed new issue of 503,640
Ratos B shares. The subscription price is SEK 177.32 per share which
corresponds to a volume-weighted average price paid on NASDAQ OMX
Stockholm on 19 November 2009. The total subscription price for the
new B shares amounts to SEK 89.3m and will be paid in capital
contributed in kind comprising 133,408 shares in Inwido Finland Oy.
Subscription for shares and payment were carried out in conjunction
with the board's new issue decision. The non-cash issue has increased
Ratos's share capital by SEK 3.2m to SEK 1,019.7m and the total
number of shares amounts to 161,852,892.
Ratos will sell on all shares acquired in Inwido Finland Oy to Inwido
AB, which will subsequently have a 98% holding in Inwido Finland Oy.
Ratos acquired the leading Swedish window and exterior door
manufacturer Inwido in 2004. Through 30 add-on acquisitions the
company has subsequently acquired a strong market position in
Finland, 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 totalled
SEK 5,639m with an operating profit (EBITA) of SEK 323m. In the
period 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 00
Clara Bolinder-Lundberg, Head of Corporate Communications Ratos, +46
8 700 17 63
Financial calendar from Ratos:
Year-end report 2009 18 February 2010
Annual General Meeting 2010 15 April 2010
Interim Report January - March 2010 6 May 2010
Interim Report January - June 2010 20 August 2010
Interim Report January - September 2010 4 November 2010
Ratos is a listed private equity company. The business concept is to
maximise shareholder value over time by investing in, developing and
divesting primarily unlisted companies. Ratos offers investors a
unique investment opportunity. Ratos's equity is approximately SEK 15
billion and has a market capitalisation of approximately SEK 28
billion. Ratos's holdings include AH Industries, Anticimex, Arcus
Gruppen, Bisnode, Camfil, Contex, DIAB, EuroMaint, GS-Hydro, Hafa
Bathroom Group, Haglöfs, HL Display, Inwido, Jøtul, Lindab, MCC,
Medisize, Scandinavian Business Seating, Superfos and Other holdings.
