STOCKHOLM, Sweden, October 29, 2002 (PRIMEZONE) -- The Danish consulting engineering company Ramboell AS has today acquired about 8.1 million shares in Scandiaconsult from LD Pension fund and SI GEF, amongst others, amounting to 35.14% of the total number of outstanding shares in Scandiaconsult. The price is SEK 45 per share.
The Board of Scandiaconsult has informed the Board of Ramboell:
- that, to maximise benefit to both Scandiaconsult and Ramboell, we recommend that Ramboell's Board presents its bid to other shareholders as soon as possible, because clarity and speed are crucial success factors in company mergers and particularly in mergers of knowledge companies.
- that, as long as no acceptable bid for all outstanding shares in Scandiaconsult has been presented, the latter will continue its operations as before, independently of Ramboell and irrespective of the fact that Ramboell has become a new owner in Scandiaconsult.
The undersigned would be pleased to answer your questions on this issue by telephone on +46 (0)8-755 07 76.
On behalf of the Board of Scandiaconsult
Lars-Ove Hakansson, Chairman Kapellgrand 7 Box 4205 SE-102 65 STOCKHOLM Tel +46 8 615 60 00 Fax +46 8 702 19 13
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