Ratos AB: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Ratos AB and Bonnier Create New Cinema Business
Ratos AB announced that the agreements have been signed regarding a merger of Bonnier's SF Bio and the Company's subsidiary, Finnkino, that together will form a new Nordic region's cinema group. The new business will be owned 60% by Ratos and 40% by Bonnier. The business will have operations in Sweden, Finland, Norway, Estonia, Latvia and Lithuania. The enterprise value for 100% of the newly established company amounts to approximately SEK 3 billion. The new company will have sales of approximately SEK 2.6 billion, with an operating profit (EBITA) of approximately SEK 360 million. The acquisition consists of a merger of SF Bio and Finnkino and includes no capital from Bonnier or initially from Ratos.
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