Nordstjernan divests all shares in Exel Composites
On June 9 Nordstjernan sold its remaining stake of 14 percent in Exel Composites (“Exel”). Nordstjernan has been the largest shareholder in Exel since year 2000. Exel designs, manufactures and markets composite profiles and tubes for industrial applications. The company is listed on the OMX Helsinki stock exchange. In 2013 Exel’s turnover was 69 MEUR. Over the years with Nordstjernan as the largest shareholder, the company has been successfully transformed from a broad focus including sports and leisure equipment to a more narrow focus on industrial applications. “Exel accounts for