Alfa Laval is offering to purchase an additional 26 percent of Alfa Laval India
Alfa Laval, a world leader in heat transfer, centrifugal separation and fluid handling, has today announced a public offer to increase its share of Alfa Laval (India) Ltd. The intention is to increase the holding with 26 percent to 90 percent through this offer.
The Alfa Laval Group today holds 64 percent of Alfa Laval (India) Ltd., listed on the stock market in Mumbai. Through a public offer of 875 rupees per share Alfa Laval intends to increase its share to 90 percent of the company.
The offer is aimed at the approximately 11,000 share holders of Alfa Laval (India) Ltd. and corresponds to approximately 4.7 million shares. The offer price represents a total value of approximately SEK 700 million.
The whole process is estimated to be finalized during June this year.
Alfa Laval is a leading global provider of specialized products and engineering solutions based on its key technologies of heat transfer, separation and fluid handling.
The company’s equipment, systems and services are dedicated to assisting customers in optimizing the performance of their processes. The solutions help them to heat, cool, separate and transport products in industries that produce food and beverages, chemicals and petrochemicals, pharmaceuticals, starch, sugar and ethanol. Alfa Laval’s products are also used in power plants, aboard ships, in the mechanical engineering industry, in the mining industry and for wastewater treatment, as well as for comfort climate and refrigeration applications.
Alfa Laval’s worldwide organization works closely with customers in nearly 100 countries to help them stay ahead in the global arena.
Alfa Laval is listed on the Nordic, Nordic Large Cap, and, in 2006, posted annual sales of about SEK 20 billion (approx. 2.2 billion euros). The company has some 10,000 employees.
Alfa Laval India Ltd
Alfa Laval has been present in India since 1937. During 2006 Alfa Laval (India) Ltd. had an order intake of SEK 900 M and approximately 1,000 employees.
During recent years Alfa Laval also has established a wholly owned engineering company in India that supports the Group.
Alfa Laval (India) Ltd. is listed on the stock exchange in Mumbai and has some 11,000 shareholders. Alfa Laval holds 64 percent of the shares. Five financial investors hold approximately 16 percent of the total shares.
For further information, please visit the Alfa Laval website at www.alfalaval.com.
For more information please contact:
Vice President, Communications
Tel: + 46 46 36 72 31
Mobile: +46 709 33 72 31
Tel: +46 46 36 74 82
Mobile: +46 709 78 74 82