Ratos associated company Superfos sells its Head office - capital gain DKK 80M
Superfos sells its Head office - capital gain DKK 80M The Danish company, Superfos, of which Ratos owns one-third, sells its head office to the listed Danish real estate company, Jeudan. The property is located in Vedbaek just north of Copenhagen and has a total lettable area of approximately 18,000 square metres. The price for the property amounts to DKK 200M. As a result, Superfos makes a capital gain of approximately DKK 80M. The sale is being made to make Superfos' use of capital more efficient and as a result create values for the company's owners. Concentrated operations It was in November 1999 that Ratos and Industri Kapital acquired the previously- listed conglomerate, Superfos. The Group's American construction company was divested in connection with the acquisition. The next step in the concentration of Superfos was made in February 2000 when Business Area Chemicals was sold to Holland Chemicals International. Following these two steps, Superfos consists of the two Business Areas: Packaging, with annual sales of approximately DKK 2 billion, and Aerosol, with sales of around DKK 500M. Packaging and Aerosol reported a combined operating profit of more than DKK 200M in 1999. Ratos: www.ratos.se Superfos: www.superfos.com For further information, please contact: Per Möller, CEO, Superfos, +45-45 67 21 02 Anna-Karin Eliasson, IR/Corporate Communications, Ratos, +46-70 399 62 39 Ratos is a listed Private Equity company whose business concept is to create the highest possible yield for its shareholders through professional, active and responsible exercising of the ownership role in a number of selected companies and investment situations in which Ratos creates a unique investment opportunity for the operators on the stockmarket. Added values are created in connection with acquisition, development and divestment of companies. Ratos' Active holdings are Scandic Hotels, Telelogic, Dahl, Superfos, Capona, Esselte, DataVis, Telia Overseas and ACE. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/03/08/20000308BIT00470/bit0001.doc http://www.bit.se/bitonline/2000/03/08/20000308BIT00470/bit0002.pdf