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Share 2016-09-23 17:29 RATOS B 40.16 SEK

Ratos increases ownership in Jøtul

2013-06-25

This information is disclosed in accordance with the Securities Markets Act, the Financial Instruments Trading Act or demands made in the exchange rules.


Ratos has signed an agreement to acquire Accent Equity 2003 Fund's shares in Jøtul, thereby increasing its ownership in the company from 61% to 93%. The purchase price is NOK 12m (approximately SEK 13m). The acquisition is subject to approval from the relevant authorities and is expected to be completed in July.

The Norwegian company Jøtul is one of Europe's largest makers of wood stoves, with manufacturing in Norway, Denmark, France, Poland and the USA. The company dates back to 1853 and its products are sold worldwide, mainly through specialised stores, but also in the DIY market. In 2012 Jøtul had sales of SEK 913m and posted an operating loss (EBITA) of SEK -52m. Ratos has been an owner of Jøtul since 2006.


For further information, please contact:
Susanna Campbell, CEO Ratos, +46 8 700 17 00
Emma Rheborg, Head of Corporate Communications and IR Ratos, +46 8 700 17 00