Ratos reduces holding in Telelogic
Ratos reduces holding in Telelogic After a divesture of 612,000 shares in Telelogic, Ratos´ remaining holding of 1,000,000 shares represents 10.4 per cent of capital and voting rights before dilution. As reported in a pessrelease of 9 Feburary 2000, Ratos´ holding amounted to 1,612,000 shares representing 16.8 per cent of capital and voting rights before dilution. The divesture will result in a capital gain in the Ratos-group of SEK 600 M corresponding to SEK 7.40 per share. CEO´s comment - The Telelogic-share has had a fantastic development, thus the Telelogic holding has a significant proportion of the Ratos portfolio. By the divesture, Ratos reduces an exposure which we consider to be to large. We keep a 10 per cent holding since we consider Telelogic a well managed company, says Arne Karlsson, CEO of Ratos. For further information: Anna-Karin Eliasson, IR/Corporate Communications, +46-70 399 62 39 Arne Karlsson, CEO, +46-10 226 21 96 www.ratos.se 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. The Net asset value amounts to SEK 10bn. 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/2000/03/10/20000310BIT00100/bit0001.doc http://www.bit.se/bitonline/2000/03/10/20000310BIT00100/bit0002.pdf