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Share 2016-09-28 17:29 RATOS B 40.31 SEK

Ratos sells its Esselte holding

2002-06-07

Ratos has sold its entire holding of 5,163,207 Class A shares and 611,600 Class B shares, corresponding to approximately 33% of the votes and approximately 17% of the capital, in Esselte. The buyer is the US private equity fund J.W. Childs, which last week announced its bid for all of Esselte. 
 
A prerequisite for J.W. Childs' bid was that Ratos, as Esselte's largest owner, favoured the sale. Ratos therefore issued a call option to J.W. Childs, which the fund has now decided to exercise.
 
The sale, which was made at a price of SEK 90 per share, generated approximately SEK 520m for Ratos and increases the company's shareholders' equity by approximately SEK 140m. After taking into account translation differences, the reported exit gain will amount to approximately SEK 95m.
  
For additional information please contact:
Arne Karlsson, CEO Ratos, +46 8 700 17 00
Anna-Karin Celsing, Head of Corporate Communications Ratos, +46 70 399 62 39