Latour divests its holding in Diamorph
Investment AB Latour (publ) has signed an agreement to divest its entire shareholding in Diamorph, a total of 14,923,571 shares which corresponds to 28.2 per cent of the capital. The transaction is carried out in connection with the UK-based Epiris Fund II’s acquisition of all the shares in Diamorph. Epiris has a long history of successful investments and we consider Epiris to be an owner that secures the future development of Diamorph.
Latour has been a shareholder in Diamorph since 2012. The divestment is a consequence of a decision supported by more than 90 per cent of the company’s shareholders. The purchase price for Latour’s share of the transaction amounts to SEK 290 m. Latour’s total in investment in Diamorph is SEK 164 m. The transaction will be completed in January 2019, subject to certain conditions that has to be fulfilled before that.
Göteborg, 20 November, 2018
INVESTMENT AB LATOUR (PUBL)
President and CEO
For further information, please contact:
Anders Mörck, CFO Latour, +46 706 46 52 11
Investment AB Latour is a mixed investment company consisting primarily of a wholly-owned industrial operations and an investment portfolio of listing holdings in which Latour is the principal owner or one of the principal owners. The investment portfolio consists of ten substantial holdings with a market value of about SEK 51 billion. The wholly-owned industrial operations has an annual turnover of about SEK 10 billion.