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Volati — M&A Activity 2017
Jun 1, 2017
2991_iss_2017-06-01_97d8fa5d-f96a-4e7e-9067-33e920d07423.pdf
M&A Activity
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Press release 1 June 2017
The Swedish Competition Authority approves Volati's planned acquisition of Akademibokhandeln and Bokus
The Swedish Competition Authority has today, on 1 June 2017, decided to take no further action with respect to Volati's planned acquisition of Akademibokhandeln Holding AB, meaning that the acquisition of Akademibokhandeln and Bokus can be completed.
As previously announced, Volati has signed an agreement to acquire shares in Akademibokhandeln Holding AB from Accent Equity 2012 (71.7%), J.P. Killberg Bokhandelsaktiebolag (11.1%), Stiftelsen Bokförlaget Natur & Kultur (11.1%) and Krasse & Co AB (1.0%). The management of the company will remain as shareholders, with holdings amounting to around 5.2% of the shares in Akademibokhandeln Holding AB. The acquisition was conditional on approval from the Swedish Competition Authority. Transfer of the shares to Volati is expected to take place on 3 July 2017, and the company will be consolidated in Volati from this date.
For more information, please contact:
Mårten Andersson, CEO Volati AB, + 46 72-735 42 84, [email protected] Mattias Björk, CFO Volati AB, +46 70-610 80 89, [email protected]
Volati AB (publ) Engelbrektsplan 1, 114 34 Stockholm Phone: +46 8 21 68 40, e-mail: [email protected], Org nr 556555-4317
About Volati
Volati is a Swedish industrial group formed in 2003, comprising some 40 operating companies divided into twelve business units organised in three business areas: Trading, Consumer and Industry. Volati acquires mainly companies with proven business models, leading market positions and strong cashflow at reasonable valuations and develops these with an emphasis on long-term value creation. Volati's strategy is to build on the identity and entrepreneurial spirit of the companies, adding, leadership, expertise, processes and financial resources. Volati has operations in 16 countries, with a total of about 1,200 employees and annual sales of approximately SEK 3.2bn. Volati's ordinary shares and preference shares are listed on Nasdaq Stockholm. Further information is available at www.volati.se.
This information is information that Volati AB is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication at 5.30 p.m. CET on 1 June 2017.