06.10.2014 15:44:00
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Investor: Divestiture of the Majority of Lindorff Completed
Regulatory News:
Following approval by competition authorities, Investor’s (STO:INVEA)(STO:INVEB)(LSE:INU) and Altor’s divestiture of the majority of Lindorff to Nordic Capital, announced on July 18, 2014, has been completed. After net debt adjustments, total net cash proceeds to Investor amount to SEK 6.8 bn. Investor retains EUR 66 m. in equity in Lindorff, corresponding to 9 percent ownership. In addition, Investor holds 58 percent of a conditional shareholder note. The shareholder note has a maximum value of EUR 200 m. plus 8 percent annual interest and is contingent on the return on the new equity investment.
The reported total value of Investor’s remaining holdings in Lindorff amounts to SEK 1.6 bn. as of the closing.
Our press releases can be accessed at www.investorab.com
Investor, founded by the Wallenberg family a hundred years ago, is the leading owner of high quality Nordic-based international companies. Through board participation, our industrial experience, network and financial strength, we strive to make our companies best-in-class. Our holdings include, among others, Atlas Copco, SEB, ABB, Ericsson and Mölnlycke Health Care.
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