(Financial Newspaper): Bjørn Rune Gjelsten considering taking Kid Interiør in exchange for massive demand from the investor market. Solid profit jumps allows the gain may be 1.2 billion, Finance writes newspaper Tuesday.
Great interest
– Yes, I am very surprised by the interest. It is obvious that Kid Interior is interesting. I have had great interest from brokerages that have reported interest from the investors, but I have also received several inquiries directly from investors, says Bjørn Rune Gjelsten Finansavisen.
Last week he decided that Kid Interior should start working towards a listing on the Oslo Stock Exchange during the second half of this year. It happens after Gjelsten have received proper speed for the store.
Server money
From earning 118 million in 2012, profit increased to 147 million in 2013 and 164 million in 2014 with a cash flow of over 200 million. Gjelsten want to make a minor issue and a larger distribution sales.
Growth potential
– I see, however, significant growth potential in the Kid and will be further. How big stake will be will be an assessment of the pricing, but we are flexible and may well come to sit with one third of the shares, says Gjelsten Finansavisen.
Since Gjelsten bought Kid in 2012, turnover has increased from 900 million to 1.1 billion and its market share grew from 26 to 31 percent during the period.
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