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Ratos AB Plans to Transfer Shares in BTJ Group AB

Wednesday, 3 Apr 2013 02:30am EDT 

Ratos AB announced that its Board of Directors proposes that the general meeting resolves on approval of a transfer of shares in the subsidiary BTJ Group AB. Ratos and Litorina, which together own all the shares in BTJ Group, have concluded an agreement on transfer of all the shares in the company to Per Samuelson, Chairman of the Board of BTJ Group, or to an acquisition company controlled by Per Samuelson. The transfer is conditional on approval by a Ratos general meeting. BTJ Group is a supplier of media products and information services, primarily to libraries in Sweden and Finland. Ratos became an owner of BTJ Group in conjunction with the formation of BTJ Infodata in March 2004. During 2005, BTJ Infodata Group was split whereby BTJ Group became a separate holding. Ratos's holding in BTJ Group amounts to 66%. The purchase price for all the shares amounts to SEK 1. Taking the company's net debt into account, the purchase price corresponds to an enterprise value of SEK 43 million. During 2012, the owners have, with the assistance of an external financial advisor, conducted a sale process of BTJ Group without bids at a higher level than that of Per Samuelson’s having been submitted. The transfer does not give rise to any significant capital gain or loss in Ratos. Ratos's ordinary Annual General Meeting will be held on April 17, 2013 at 17.00 CET. 

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1.2 +2.43%
11:29am EST