The Swedish Competition Authority approves Volati's acquisition of T-Emballage
The Swedish Competition Authority has decided to take no further action with respect to Volati's planned acquisition of T-Emballage Thureson AB, meaning that the acquisition can be completed.
As previously announced, Volati is acquiring 94% of the shares in the company, while the company’s CEO and deputy CEO, who are remaining with the company, will become partners with a combined shareholding of 6%. The acquisition was conditional on approval from the Swedish Competition Authority.
Transfer of the shares to Volati will take place on November 10, 2017, and T-Emballage Thureson AB will be consolidated in Volati from this date as a new business unit in the Trading Business Area.
For more information, please contact:
Mårten Andersson, CEO Volati AB, + 46 72-735 42 84, email@example.com
Mattias Björk, CFO Volati AB, +46 70-610 80 89, firstname.lastname@example.org
Volati AB (publ)
Engelbrektsplan 1, 114 34 Stockholm
Phone: +46 8 21 68 40, e-mail: email@example.com, Org nr 556555-4317
Volati is a Swedish industrial group formed in 2003, which after the acquisition of Akademibokhandeln comprises some 40 operating companies divided into thirteen business units organised in four business areas: Trading, Consumer, Industry and Akademibokhandeln. Volati acquires mainly companies with proven business models, leading market positions and strong cashflow at reasonable valuations and develops these with an emphasis on long-term value creation. Volati’s strategy is to build on the identity and entrepreneurial spirit of the companies, adding, leadership, expertise, processes and financial resources. Volati has operations in 16 countries, with a total of about 1,700 employees and annual sales of approximately SEK 5.5bn. Volati’s ordinary shares and preference shares are listed on Nasdaq Stockholm. Further information is available at www.volati.se.