Ratos sells its holding in Scandic Hotels - exit gain SEK 1.7 billion
Today, Ratos sold the major part of its holding in Scandic Hotels, or 15,460,370 shares, to Hilton Group plc. Hilton Group plc will pay SEK 144 per Scandic share, providing a total of SEK 2.2 billion for Ratos's holding in Scandic. Of this amount, 75% will be paid in cash and 25% in newly issued Hilton shares. Hilton's shares are listed on the London Stock Exchange and were quoted at 220.50 pence on 20 April.Hilton Group has also today made an offer to all Scandic Hotels's shareholders with the same terms as Ratos has received.This deal means that Ratos makes an exit gain of SEK 1.7