stock Exchange
the Wine – and brennevinsprodusenten continues its journey towards listing on the Oslo stock Exchange.
the Article is added to your reading list.
the Arcus continues its plans of initial public offering and plans to bring in a bruttoproveny of up to 775 million through the issuance of between 17,2-19,9 million shares in connection with the listing.
Shares in the issue will have an indicated price of between 39 and 45 dollars per share, giving a valuation of the Arcus after kapitalinnhentingen between a 2.7-3 billion.
An ipo good for the company’s continued growth. We have many strong konsumervarer and we begin to see the results of forandringsarbeidet we have done in recent years, and we look forward to continuing to grow as a listed company, ” says ceo Kenneth Hamnes in Arcus in a press release.
On the Oslo stock Exchange 1. December
Likely the first trading day on the Oslo stock Exchange is 1. December.
Together with the Arcus team, I am enthusiastic with the thought of our further growth opportunities, and look forward to welcoming new shareholders welcome through the planned ipo, says Michael Holm Johansen, chairman of the board of the Arcus.
the investment company Ratos AB owns 83 per cent of Arcus, and will reduce its stake by an eventual initial public offering. Potetprodusenten Hoff SA owns 9.9 percent of the company. The remaining shares are owned by individuals in the executive management and the board of directors.
Ratos and other shareholders will offer 18,1 million shares, equivalent to 26.9 per cent of the outstanding shares after the share issue.
high growth
Since 2005, the annual sales growth averaged 11 percent. In 2015, had Arcus a turnover of nok 2.5 billion, and adjusted operating profit before depreciation and amortisation (adjusted ebitda) of mnok 274. Arcus has a clear strategy for continued growth, both organically and by acquisition.
the Company is the world’s largest producer of aquavit, and is a supplier of famous brand names including Aalborg Akvavit, Lysholm Linie Aquavit, Braastad Cognac and Old Danish.
No comments:
Post a Comment