On 8 October, Ratos announced that an agreement had been signed to divest Bisnode to Dun & Bradstreet. This divestment has now been completed after the customary regulatory approval and other conditions were met, including payment of the equity value.
The equity value for Ratos’s holding of 70%, as communicated earlier, was SEK 3,900m, yielding a consolidated capital gain of approximately SEK 1,900m. 25% of the equity value will be invested in shares in Dun & Bradstreet, which is listed on the New York Stock Exchange, corresponding to approximately 1% of shares outstanding. In addition, Ratos received a dividend from Bisnode during the fourth quarter of 2020 amounting to SEK 175m in accordance with the terms and conditions of the transaction and earlier communication.
“The divestment of Bisnode is yet another step in Ratos’s evolution to become a business group, with an emphasis on operational development, add-on acquisitions in the companies and new platform acquisitions in companies and industries in which Ratos has in-depth expertise. In conjunction with the sale, we have drawn attention to the value creation that has been achieved in Bisnode and unlocked financial resources to enable Ratos to implement our strategy,” says Jonas Wiström, President and CEO of Ratos.
For further information, please contact:
Jonas Wiström, CEO, Ratos, +46 8 700 17 00
Helene Gustafsson, Head of IR and Press, Ratos, +46 70 868 40 50, firstname.lastname@example.org
Ratos is a business group consisting of 11 companies divided into three business areas: Construction & Services, Consumer & Technology and Industry. In total, the companies have SEK 34 billion in sales and EBITA of SEK 1.3 billion. Our business concept is to develop mid-sized companies headquartered in the Nordics that are or can become market leaders. We enable independent mid-sized companies to excel by being part of something larger. People, leadership, culture and values are key focus areas for Ratos. Everything we do is based on Ratos’s core values: Simplicity, Speed in Execution and It’s All About People.