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Share 2016-09-26 17:29 RATOS B 39.60 SEK

Arcorus, et al: Canadian statement of claim without legal ground

2003-08-22

With reference to details published in today's press about a statement of claim in a Canadian court against companies included in Ratos's portfolio (Arcorus, Atle Karolin, Hägglunds Drives, et al) in consultation with Arcorus, Ratos has decided to issue the following comments:
-    The statement of claim, which was submitted to a Canadian court in October, but served on Arcorus, et al, in April 2003, is without legal ground and is totally rejected by the defendants. The amounts mentioned in the statement of claim - which moreover in central aspects is not yet well-founded - lack all merit and connection with the business events referred to in the statement of claim, says Arne Karlsson, CEO of Ratos
 
 
For further information, please contact:
Arne Karlsson, CEO Ratos, +46 8 700 17 00