Sale of Exceed goes through
Sale of Exceed goes through All conditions to which the sale of Ratos's subsidiary Exceed, to competitor Wilson Logistics, was subject to have now been met. The deal, which will result in an exit gain of approximately SEK 90m for Ratos, will therefore be completed. The proceeds amounts to approximately SEK 160m. In connection with the change of owner, Exceed is settling a debt to Ratos of SEK 10m, which means that the liquidity effect for Ratos is SEK 170m. Exceed's strategy has been to become a leading Nordic player within air and sea freight. Although both Exceed and Wilson have strong market positions, particularly in Sweden, the joint analyses which preceded this deal have shown that the companies complement each other to a greater extent than they duplicate each other. This makes the deal logical from the point of view of both companies. For additional information, please contact: Arne Karlsson, CEO Ratos, +46 8 700 17 00 Financial calendar 2002: Six-month report 26 August Nine-month report 13 November 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, Gadelius, Haendig, Haglöfs, Hilding Anders, HL Display, Industri Kapital, Intervect, Kronans Droghandel, Lindab, Martinsson, Q- Labs, Superfos, Telia Overseas and Yarrow. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/06/18/20020618BIT00670/wkr0001.doc http://www.waymaker.net/bitonline/2002/06/18/20020618BIT00670/wkr0002.pdf