Ratos increases ownership in Jøtul
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
Financial calendar from Ratos: Interim Report January - June 2013 15 August 2013
Interim Report January - September 2013 8 November 2013
Ratos is a private equity conglomerate. The company's mission is to maximise shareholder value over time through the professional, active and responsible exercise of its ownership role in primarily medium to large unlisted Nordic companies. Ratos's holdings include AH Industries, Aibel, Arcus-Gruppen, Biolin Scientific, Bisnode, DIAB, Euromaint, GS-Hydro, Hafa Bathroom Group, HL Display, Inwido, Jøtul, KVD Kvarndammen, Mobile Climate Control, Nebula, Nordic Cinema Group and SB Seating. Ratos is listed on Nasdaq OMX Stockholm and market capitalisation amounts to approximately SEK 16 billion.