Ratos's subsidiary Arcus Gruppen has signed an agreement on the sale of the property in Hasle in central Oslo. The purchaser is Höegh Eiendom together with Bunde Eiendom and the purchase price amounts to NOK 983 million. The sale will generate a capital gain for Arcus Gruppen of approximately NOK 651 million.
Arcus Gruppen, which is a Ratos subsidiary, is Norway's leading wine and spirits supplier. The group's best-known brands include Løiten, Linie Aquavit, Braastad Cognac and Vikingfjord Vodka. Sales in 2006 amounted to NOK 965 million with an operating profit of NOK 83 million.
The property in Hasle has a total area of 92,000 square metres and comprises Arcus Gruppen's production and distribution plant for wine and spirits products. As a result of the sale, Arcus Gruppen will move its production plant to another property in the Oslo area within a year or two. During the interim period, Arcus Gruppen will therefore remain in the property in Hasle.
Arcus Gruppen CEO Jan Tore Føsund comments on the sale of the Hasle property: "This sale is a very good deal for Arcus Gruppen and means that we will be able to move into more effective and suitable production facilities here in the Oslo region.
The sale will generate a capital gain for Arcus Gruppen of approximately NOK 651 million and will be reported in the 2007 six-month report.
Ratos's holding in Arcus Gruppen amounts to 83%.
For further information, please contact:
Leif Johansson, Investment Director Ratos, +46 8 700 17 00
Clara Bolinder-Lundberg, IR Ratos, +46 8 700 1763
Jan Tore Føsund, CEO Arcus Gruppen, +47 22 97 55 00