Ratos' subsidiary GS-Hydro has signed an agreement to sell a property
in Lindeberg, Kløfta, between Oslo and Gardermoen, Norway. The buyer
is Lillehammer Industripark. The purchase price is NOK 51.5m. The
sale generates a capital gain of approximately NOK 27m for GS-Hydro.
GS-Hydro, which is a wholly owned subsidiary of Ratos, is a leading
supplier of non-welded piping solutions. Its products are used
primarily in the marine and offshore industries, as well as in other
industries. The company's head office is located in Finland. The
company reported an operating profit (EBITA) of SEK 86m in 2006 on
sales of SEK 985m.
The Lindeberg property has a total area of approximately 17,600 sq.m.
and houses storage and offices. Following the sale, GS-Hydro will
continue to occupy the building as a tenant.
For GS-Hydro, the sale generates a capital gain of approximately NOK
27m, which will be reported in the 2007 half-year interim report.
Ratos's ownership stake in GS-Hydro is 100%.
For further information, please contact:
Magdalena Aniansson, Senior Investment Manager Ratos, +46 70 722 64
22
Thomas Rönnholm, Managing Director, GS-Hydro, +358 3 656 41
Financial calendar from Ratos:
Interim report January-June 21 August
2007
Interim report January-September 9 November 2007
Ratos is a listed private equity company. The business concept is to
maximise shareholder value over time by investing in, developing and
divesting primarily unlisted companies. Ratos thus offers stock
market players a unique investment opportunity. The equity of Ratos's
investments is approximately SEK 11 billion. Ratos's holdings include
Anticimex, Arcus Gruppen, Bisnode, Bluegarden, Camfil, DIAB,
GS-Hydro, Haendig, Haglöfs, HL Display, Hägglunds Drives, Inwido,
Jøtul, Lindab, MCC, Medifiq Healthcare, RH/RBM, Superfos and Other
holdings.
