Investment AB Latour (publ) has today, through its wholly-owned subsidiary Latour-Gruppen AB, divested its entire shareholding in the part-owned holding Terratech. Buyer is the Swedish investment company Solix, which at the same time also acquires all the shares in Terratech from other owners. Solix is a long-term investor of Nordic industrial companies who can provide Terratech good conditions for continuing growth.
The divestment has derived from the fact that part of the sellers wished to find new owners to the company. The transaction will give Latour a return of about 300 per cent.
Göteborg, April 25, 2019
INVESTMENT AB LATOUR (PUBL)
President and CEO
For further information, please contact:
Björn Lenander, CEO Latour Industries AB, +46 708 194 736
Investment AB Latour is a mixed investment company consisting primarily of a wholly-owned industrial operations and an investment portfolio of listing holdings in which Latour is the principal owner or one of the principal owners. The investment portfolio consists of nine substantial holdings with a market value of about SEK 59 billion. The wholly-owned industrial operations has an annual turnover of about SEK 12 billion.