Ratos divests its Hilton shareholding
Ratos divests its Hilton shareholding Ratos today announces that it has sold its total shareholding in Hilton Group plc - a shareholding which was received as a part of the payment for Scandic Hotels in April 2001. Hilton has agreed with Ratos AB on an early release from the lock-up on the shares. This lock up was due to expire on 22 April 2002. The 17,627,886 shares, representing 1.1 % of the issued share capital of Hilton, have been purchased by Deutsche Bank AG London who are placing them with institutional investors. As a result of this sale Ratos has no remaining holding in Hilton. The sale of shares totals more than SEK 600m and gives Ratos an exit gain of approximately SEK 50m. The annual Internal Rate of Return (IRR) on Ratos investment in Hilton Group is somewhat less than 15 %. Ratos will receive a dividend for year 2001 of SEK 14m in June. Contacts: Ratos, Arne Karlsson, CEO + 46 (0)8 700 17 00 Hilton Group, Roger Devlin +44 (0)20 7856 8000 Deutsche Bank, Toby Clark / Mumtaz Naseem +44 (0)20 7545 8000 Financial calendar 2002: Three-month report 13 May Six-month report 26 August Nine-month report 13 November Annual General Meeting 10 April Ratos is a listed private equity company. The business concept is to maximise shareholder value over time by investing in, developing and divesting primarily unlisted companies. Ratos thus offers stock market players a unique investment opportunity. The net asset value of Ratos's investments is approximately SEK 9 billion. Ratos's holdings include Arcorus, Atle Industri, Camfil, Capona, Dahl, DataVis, DIAB, Dynal Biotech, Esselte, Exceed, Gadelius, Haendig, Haglöfs, Hilding Anders, HL Display, Industri Kapital, Intervect, Kronans Droghandel, Lindab, Martinsson, Programmera, Q-Labs, Superfos and Telia Overseas. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/03/22/20020322BIT00500/wkr0001.doc http://www.waymaker.net/bitonline/2002/03/22/20020322BIT00500/wkr0002.pdf