Ratos sells its holding in Telelogic
Today, Ratos AB sold the major part of its holding Telelogic or 15,221,556 shares which correspond to 8.2 % of the capital in Telelogic. The divestment gives Ratos an exit gain of SEK 84m.
"Now when we step back from our ownership role in Telelogic after almost four years, we can note that we have been involved in a strong growth phase in an exciting company of the future. Our investment has also provided a good return," says CEO Arne Karlsson commenting on today's deal.
The average annual return on Ratos's investment in Telelogic is over 100%. After the sale, Ratos owns 310,000 shares in Telelogic which will be placed in Ratos's short-term trading portfolio.
For further information, please contact:
Arne Karlsson, CEO, +46 8 700 17 00
Clara Bolinder-Lundberg, Head of Corporate Communications, +46 70 719 84 43