Atle divests AKA Tempcold
Atle divests AKA Tempcold Atle AB has signed a letter of intent regarding the transfer of all the shares of AKA Tempcold AB to German refrigeration wholesaler Frigotechnik Handels GmbH. The final agreement on this transfer is scheduled for signing in late February 2002. With revenues of some SEK 700 m, Frigotechnik Handels GmbH is one of Germany's biggest refrigeration wholesalers, with operations primarily concentrated on its domestic market, although with subsidiaries in other countries, including Refrico AB in Sweden. Frigotechnik's strategy is the pursuit of geographical growth, with