Key Developments: AF AB (AFb.ST)
169.50SEK
24 May 2013
2.50kr (+1.50%)
167.00kr
168.00kr
171.50kr
167.00kr
91,579
161,651
198.50kr
125.00kr
Latest Key Developments (Source: Significant Developments)
AF AB's AF Spain Receives New Order
AF AB announced that AF Spain has signed two agreements together worth USD 1 million with the Inter-American Development Bank, IDB, to assess the feasibility of electricity exchange in the Andean region consisting of Bolivia, Chile, Colombia, Ecuador and Peru. The assignments will result in concrete recommendations for sustainable interconnection alternatives between these countries. AF together with its local partner SIGLA will assess the technical and economical options to connect national networks together and provide principles and guidelines on how to structure, harmonize and regulate the interconnection in an efficient and sustainable manner. The work shall also consider a potential integration with the Central American (SIEPAC) and other regional markets. Full Article
Addnode Group AB's Cad-Q Renews Strategic Cooperation with AF AB
Addnode Group AB announced that its subsidiary Cad-Q, which is a supplier of model and drawing-related IT (Information Technology), has renewed its strategic cooperation with AF AB. The agreement is an exclusive agreement covering software and services for the Autodesk product platform. To ensure quality, reduce costs and enable more effective work processes, AF AB has chosen to extend the strategic exclusivity agreement with Cad-Q, where the software purchase, license management, training and services in CAD and BIM are included. AF AB, with its 6,800 employees, is a global technology services company based in Europe. It offers qualified services and solutions for industrial processes, infrastructure projects, and the development of products and IT systems. Full Article
AF AB Proposes FY 2012 Dividend of SEK 5.50 per Share
AF AB announced that the Board proposes a dividend per share for the fiscal year 2012 of SEK 5.50. Previously, the Company reported a dividend of SEK 5.00 per share for the fiscal year 2011. Full Article
AF AB Wins Framework Agreement with FMV
AF AB announced that it has signed a framework agreement with the Swedish Defense Materiel Administration, FMV. Based on FMV's own assessments of the volumes of consulting services required, the agreement is estimated to be worth approximately SEK 70 million (EUR 8.2 million) over a seven-year period. As part of the Swedish Defense Materiel Administration's procurement of services in the field of Command & Control Systems, the Company has won rights within the framework agreement as sole supplier of services in the area of Sensors. The agreement will run for an initial three years with an option to extend collaboration for a further four years. The Company will also partner Combitech in the technical areas of Transmission and Verification/Validation. Full Article
Danir AB Acquires Shares in AF AB
AF AB announced that Danir AB has on December 3, 2012 acquired 5,985,915 shares in the Company equivalent to 14.9% of shares and 11% of voting rights in the Company. Danir AB held no shares in the Company before the transaction. Full Article
AF AB Announces Completion of Merger with Epsilon Holding AB (publ) and New Share Issue
AF AB (AF) announced that on November 29, 2012, AF has completed the previously announced merger with Epsilon Holding AB (publ) (Epsilon). AF has acquired all shares in Epsilon from Danir AB (Danir) for a consideration consisting of a net debt adjusted cash payment of approximately SEK 842 million and 5,985,915 newly issued shares of class B in AF. Since the consideration for the acquisition is partly paid in the form of newly issued shares of class B in AF, the Board of Directors of AF has, in connection with the completion of the acquisition, resolved to issue 5,985,915 new shares of class B in AF to Danir as authorized by the Extraordinary General Meeting on November 19, 2012. The share capital of AF will increase by SEK 29,929,575 as a result of the issue. The number of shares of class B will increase from 32,450,126 to 38,436,041 shares. The new class B shares will correspond to 14.9% of the capital and 11.0% of the votes in AF following completion of the issue. The new shares are expected to be admitted to trading on NASDAQ OMX Stockholm around December 4, 2012. Full Article
AF AB Announces Prospectus Relating to Admission of Newly Issued Shares to Trading
AF AB announced that the Board of Directors of the Company has prepared a prospectus for admission of newly issued shares of class B to trading. The prospectus has been approved by and registered with the Swedish Financial Supervisory Authority. The newly issued shares are being issued to Danir AB as part of the consideration for AF AB's acquisition of Epsilon Holding AB (publ). The newly issued shares are expected to be registered and admitted to trading around December 4, 2012. Full Article
AF AB Wins Contract with Ringhals
AF AB announced that it has been commissioned by Ringhals AB as principal technical consultant with responsibility for a comprehensive cable replacement process in the containment building at Ringhals 1. The Company's participation will consist chiefly of project management services and the provision of resources for analysis and constructional design. The order is worth approximately SEK 150 million for the Company. The main aim of the project is to ensure the stable operation of the reactor and good safety margins. Work is to start immediately and is expected to extend over the next four years. Full Article
AF AB and Epsilon Holding AB (publ) to Merge
AF AB (AF) announced that on October 18, 2012, the Boards of Directors of AF and Epsilon Holding AB (publ) (Epsilon) announced the merger of AF and Epsilon. The merger will create one of Northern Europe's technology consulting companies. The merger is driven by an industrial logic, since AF and Epsilon share a common culture and complement each other in terms of technical experience, service offering, customer base and geographical presence. The merger will enable the companies to combine and thus strengthen their offering to existing and new customers within growth areas such as technical calculations and embedded systems. The merger will be effected by AF acquiring Epsilon. The consideration consists of an initial purchase price of approximately SEK 1,700 million (enterprise value), consisting partly of SEK 850 million in cash and partly of 5,985,915 newly issued class B shares in AF. There will also be an additional purchase price amounting to a maximum of SEK 1,100 million. The cash part of the initial purchase price is subject to net debt adjustment. The completion of the transaction is conditional upon approval by the relevant competition authorities and approval by the AF Extraordinary General Meeting, which will be held on November 19, 2012. Full Article
AF AB Announces New International Structure
AF AB announced that it is to amalgamate its International North and International South Divisions into a single new division to be known simply as the International Division. President of the new division will be Roberto Gerosa, currently President of AF International South. For financial accounting purposes the date on which the new organizational structure came into force has been set as October 1, 2012. Full Article
Asia's F-35 buyers forced to wait as China seeks edge
CANBERRA/HONG KONG - The Pentagon's F-35 warplane is giving U.S. allies in Asia a headache as they look to replace ageing jets with a cutting edge aircraft now likely to be at least seven years late in offering a strategic deterrent to China.
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