STOCKHOLM, Sweden, June 27, 2005 (PRIMEZONE) -- As previously announced, Industrivarden's board has decided to list the wholly owned trading company Indutrade AB on the stock market during the second half of 2005.
Industrivarden has engaged the services of Enskilda Securities and Handelsbanken Markets to serve as advisors in the initial public offering process.
Stockholm, Sweden, June 27, 2005
AB INDUSTRIVARDEN (publ)
For further information, please contact: Bengt Kjell, Executive Vice President, Industrivarden, tel. +46-8-666 64 00
Indutrade conducts trade in imported industrial components for customers with a recurring need. The products are offered together with qualified technical system solutions. Indutrade's suppliers consist of international corporations with brand-name products and major development resources as well as smaller niche manufacturers. As a rule, Indutrade's companies have exclusive agency agreements in their respective geographic markets. Customers consist primarily of industrial companies in northern Europe and Benelux. In 2004 Indutrade reported earnings after net financial items of SEK 220 M, on sales of approximately SEK 3.5 billion. The company has approximately 1,400 employees. Indutrade's CEO is Johnny Alvarsson.
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