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Share 2016-09-27 17:29 RATOS B 39.81 SEK

Acquisition of minority holding in Inwido Finland

2009-11-20

Ratos has acquired approximately 25% of the shares in Inwido Finland Oy. The purchase price amounts to EUR 8.7m and was paid with 503,640 newly issued B shares in Ratos.
 
Ratos has acquired a minority holding corresponding to approximately 25% of the shares in Inwido Finland Oy from Timo Vannas. Backed by a decision made at Ratos's 2009 Annual General Meeting, the  Ratos board decided on payment through a directed new issue of 503,640 Ratos B shares. The subscription price is SEK 177.32 per share which corresponds to a volume-weighted average price paid on NASDAQ OMX Stockholm on 19 November 2009. The total subscription price for the new B shares amounts to SEK 89.3m and will be paid in capital contributed in kind comprising 133,408 shares in Inwido Finland Oy.
 
Subscription for shares and payment were carried out in conjunction with the board's new issue decision. The non-cash issue has increased Ratos's share capital by SEK 3.2m to SEK 1,019.7m and the total number of shares amounts to 161,852,892.
 
Ratos will sell on all shares acquired in Inwido Finland Oy to Inwido AB, which will subsequently have a 98% holding in Inwido Finland Oy.
 
Ratos acquired the leading Swedish window and exterior door manufacturer Inwido in 2004. Through 30 add-on acquisitions the company has subsequently acquired a strong market position in Finland, Denmark and Norway. Operations are also conducted in the UK, Ireland, Poland and Russia. The company's brands include Elitfönster, Tiivi, Storke, Diplomat and Allan Brothers.
 
The group currently has 3,430 employees and sales in 2008 totalled SEK 5,639m with an operating profit (EBITA) of SEK 323m. In the period January-September 2009 sales amounted to SEK 3,553m (4,229) and operating profit was SEK 230m (297).
 
Ratos's holding in Inwido amounts to 96%.
 
For further information, please contact:
Arne Karlsson, CEO Ratos, +46 8 700 17 00
Clara Bolinder-Lundberg, Head of Corporate Communications Ratos, +46 8 700 17 63