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Ratos
STO:RATOB ISIN:SE0000111940
News
Ratos (STO:RATOB) CEO ARNE KARLSSON COMMENTS ON THIS REPORT www.ratos.se TELEPHONE CONFERENCE 10.00 CET, tel no. +46 8 505 201 10
Ratos (STO:RATOB) The Interim Report January-June 2008 will be released on Friday, 22 August around 8:30 a.m. (CET).
Ratos Ratos's Executive Vice President, Thomas Mossberg, has reached his contractual retirement age of 62 and will therefore be resigning as Executive Vice President, a position he has held since 1988. In conjunction with this it has been agreed that Thomas will continue to work at Ratos on a part time basis as Senior Advisor. His activities will include a number of his former operational duties.
Ratos Ratos has concluded an agreement for the sale of all the shares in the wholly owned subsidiary Hägglunds Drives to the German company Bosch Rexroth for a share price of approximately SEK 4,300m. The sale will generate an exit gain for Ratos of approximately SEK 4,400m. The average annual return on Ratos's investment in Hägglunds Drives amounts to 56%.
Ratos Ratos's Danish subsidiary Contex Holding has concluded an agreement to acquire the American company Ideal Scanners Distribution. The acquisition will be a net-asset deal.
Ratos Atle Industri, which is 50%-owned by Ratos, has signed an agreement to sell its wholly owned subsidiary Nordhydraulic to the German company Hydac. The deal will generate an exit gain of approximately SEK 100m for Ratos (exit gain of SEK 200m for Atle Industri).
Ratos Atle Industri, which is 50%-owned by Ratos, has signed an agreement to sell its wholly owned subsidiary Moving to the Austrian company Knapp AG. The purchase price amounts to approximately SEK 92m and will generate an exit gain for Atle Industri of approximately SEK 37m.
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