Bure divests its holding in Textilia

Bure divests its holding in Textilia

Bure has signed an agreement regarding divestment of its total holding in
Textilia to a company owned by Litorina. 

Bure divests its holding of shares in Textilia to a company owned by Litorina,
with closing on August 22. The purchaser will pay a fixed purchase price of 201
MSEK for 100 per cent of the shares in Textilia, of which 182 MSEK will be paid
at the time of the closing and 19 MSEK by a vendor note with a maximum lifetime
of six years. In addition to the fixed purchase price, there is an additional
purchase price dependent on the 2008 result, which is capped at 30 MSEK.
Furthermore, there are three additional purchase prices of binary
characteristics which could be paid within three years. The parent company will
report preliminary capital gains (1) of 170 MSEK.
Since the divestment of Simonsen Material in 2005, Bure and the management have
worked closely together in order to refine and rationalise the business,
resulting in an improved profitability. “Today, Textilia is a market leader
within textile services to the public sector and a company with satisfying
margins. The company has developed strongly under the current management and we
believe the time is right for a new owner to take over and develop the company
further”, says Carl Backman, Executive Vice President, Bure.
Göteborg August 22, 2008 
Bure Equity AB (publ)



For further information, please contact:

Carl Backman, Executive Vice President, phone +46 703-97 90 05


(1) An adjustment is made to the half-yearly report of the parent company for
earlier write downs in relation to the holdings in Textilia, corresponding to
the preliminary purchase price. Thus, during the third quarter, there will be no
capital gains provided that none of the additional purchase prices are paid
during the period.
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The information contained herein is subject to the disclosure requirements of
Bure Equity AB under the Swedish Securities Market Act. This information has
been publicly communicated on 22 August, 2008, at 02:00 pm CET.
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Bure Equity AB (publ), corp. ID No. 556454-8781
P O Box 5419, SE-402 29 Gothenburg
Phone +46 31 708 64 00, Fax +46 31 708 64 80
www.bure.se