The Swedish Competition Authority approves Volati's planned acquisition of Akademibokhandeln and Bokus
The Swedish Competition Authority has today, on 1 June 2017, decided to take no further action with respect to Volati's planned acquisition of Akademibokhandeln Holding AB, meaning that the acquisition of Akademibokhandeln and Bokus can be completed.
As previously announced, Volati has signed an agreement to acquire shares in Akademibokhandeln Holding AB from Accent Equity 2012 (71.7%), J.P. Killberg Bokhandelsaktiebolag (11.1%), Stiftelsen Bokförlaget Natur & Kultur (11.1%) and Krasse & Co AB (1.0%). The management of the company will remain as shareholders, with holdings amounting to around 5.2% of the shares in Akademibokhandeln Holding AB. The acquisition was conditional on approval from the Swedish Competition Authority. Transfer of the shares to Volati is expected to take place on 3 July 2017, and the company will be consolidated in Volati from this date.
Mårten Andersson, VD Volati AB, +46 72-735 42 84, email@example.com
Volati AB (publ)
Engelbrektsplan 1, 114 34 Stockholm, Sweden, Phone: +46 8-21 68 40
Volati is a Swedish industrial group formed in 2003, comprising some 40 operating companies divided into 12 business units organised in three business areas: Trading, Consumer and Industry. Volati primarily acquires companies with proven business models, leading market positions and strong cash flows at reasonable valuations, and develops these with an emphasis on long-term value creation. The 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 1,200 employees and annual sales of approximately SEK 3.2 billion. Volati’s common share and preference share are listed on Nasdaq Stockholm. Further information is available at www.volati.se.