Incentive sells Electrolux-shares to Investor
Incentive has sold five million Series A shares in AB Electrolux to Investor. The selling price was SEK 164:90 per share, which resulted in proceeds to Incentive of SEK 825 Million. The capital gain is SEK 535 Million (SEK 350 M after tax). The selling price represents a premium of 3% relative to the market price for the Electrolux A share at the close of the Stockholm Stock Exchange on June 30, 1998. The corresponding premium relative to the Electrolux B-share is 20%. "This is the final element in the comprehensive restructuring begun in the autumn of 1991," says Michael Lilius, President and CEO of Gambro. "We have reached our goal! All of the operations and assets included at the beginning have now been shifted over to a single operation - Gambro. Today, the Group is focused entirely on medical technology, a field in which we hold strong positions with favorable growth." * Incentive has today changed name to Gambro For further information: Bengt Modéer, Senior Vice President, Corporate Communications, +46-8-613 65 00, +46-70-513 65 33 Gambro is an international medical-technology group with revenues of approximately SEK 22 billion and about 18,000 employees in some 40 countries.