Alfa Laval AB reaches approximately 77 percent of the shares in Alfa Laval India
Alfa Laval, a world leader in heat transfer, centrifugal separation and fluid handling, announced on 26 February 2007 a public offer to increase its share of Alfa Laval (India) Ltd.
The offer has now been closed and owners of approximately 13 percent of the shares have offered to sell at 1,300 rupees per share, which represents a total value of approximately SEK 520 million. This means that Alfa Laval AB increases its share of ownership in the Indian company from approximately 64 percent to approximately 77 percent.
Alfa Laval (India) Ltd., is listed on the stock market in Mumbai.
Editor’s notes:
Alfa Laval is a leading global provider of specialized products and engineering solutions based on its key technologies of heat transfer, separation and fluid handling.
The company’s equipment, systems and services are dedicated to assisting customers in optimizing the performance of their processes. The solutions help them to heat, cool, separate and transport products in industries that produce food and beverages, chemicals and petrochemicals, pharmaceuticals, starch, sugar and ethanol. Alfa Laval’s products are also used in power plants, aboard ships, in the mechanical engineering industry, in the mining industry and for wastewater treatment, as well as for comfort climate and refrigeration applications.
Alfa Laval’s worldwide organization works closely with customers in nearly 100 countries to help them stay ahead in the global arena.
Alfa Laval is listed on the Nordic, Nordic Large Cap, and, in 2006, posted annual sales of about SEK 20 billion (approx. 2.2 billion euros). The company has some 10,000 employees.
Alfa Laval India Ltd
Alfa Laval has been present in India since 1937. During 2006 Alfa Laval (India) Ltd. had an order intake of SEK 900 M and approximately 1,000 employees.
During recent years Alfa Laval also has established a wholly owned engineering company in India that supports the Group.
Alfa Laval (India) Ltd. is listed on the stock exchange in Mumbai and has some 11,000 shareholders. Alfa Laval holds 64 percent of the shares. Five financial investors hold approximately 16 percent of the total shares.
For further information, please visit the Alfa Laval website at www.alfalaval.com.
For more information please contact:
Peter Torstensson
Vice President, Communications
Alfa Laval
Tel: + 46 46 36 72 31
Mobile: +46 709 33 72 31
Mikael Sjöblom
Investor Relations
Alfa Laval
Tel: +46 46 36 74 82
Mobile: +46 709 78 74 82