Atle: Financial Statement 2000.Business Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--Feb. 19, 2001 Offering -- UK private equity corporation 3i and Ratos, through Woodrose Invest AB, are offering ("the Offer") Atle's shareholders SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 153 per share for all shares less deduction deduction, in logic, form of inference such that the conclusion must be true if the premises are true. For example, if we know that all men have two legs and that John is a man, it is then logical to deduce that John has two legs. for the cash dividend pay-out. -- The Offer has conditions including Woodrose acquiring 90% of the shares, and Studsvik being spun off to Atle's shareholders. -- Before the spin-off The situation that arises when a parent corporation organizes a subsidiary corporation, to which it transfers a portion of its assets in exchange for all of the subsidiary's capital stock, which is subsequently transferred to the parent corporation's shareholders. is consummated con·sum·mate tr.v. con·sum·mat·ed, con·sum·mat·ing, con·sum·mates 1. a. To bring to completion or fruition; conclude: consummate a business transaction. b. , Atle intends to inject in·ject v. 1. To introduce a substance, such as a drug or vaccine, into a body part. 2. To treat by means of injection. SEK 275 m into Studsvik, equivalent to SEK 5 per Atle share. -- Atle's Board unanimously recommends that shareholders accept the Offer. -- The Offer will be described in more detail in a separate press release. Earnings -- Earnings after financial items were SEK 943 (1,025) m. -- Earnings per share stood at SEK 10.71 (14.89) Dividend Proposed dividend: Cash pay-out of SEK 6.00 (6.00) per share. A spin-off of Atle's shareholding in Studsvik. Ahead of this transaction, Atle intends to subscribe for a SEK 275 m new issue in Studsvik. Along with Atle AB's book value of Studsvik shares of SEK 210.5 m, this transaction corresponds to SEK 485.5 m, or some SEK 9 per Atle share. Acquisitions and exits -- Atle invested SEK 1,090 m in 62 enterprises, of which SEK 724 m in 29 new acquisitions. -- 31 exits were effected for total sales proceeds of SEK 1,076 m. -- Exit earnings amounted to SEK 415 m. Major transactions in 2000 Acquisitions -- 42% of Flygbussarna Holding -- 30% of Proline proline (prō`lēn), organic compound, one of the 20 amino acids commonly found in animal proteins. Only the l-stereoisomer appears in mammalian protein. -- 90% of Programmera, which in turn acquired ABI Abi (ā`bī) [short for Abijah], in the Bible, King Hezekiah's mother. (Application Binary Interface) A specification for a specific hardware platform combined with the operating system. Consulting -- 10% of Pricerunner -- 29% of InfoCare -- 6 % of Bolaneborsen -- 25% of Nordiska Balco -- 69% of Haendig (previously HDF-Bolagen, Markt & Co and Duri) -- 10% of SUSAB -- 7% of Jaybis -- 8% of Nybron -- 30% of News Presslink -- 28% of Freshman Flimmer -- 48% of Dotcom Solutions (acquired in January 2001) -- 20% of GIGA-gruppen Mergers -- Arcorus (previously Hagglunds Drives and GS Hydro). Atle ownership holding: 72% -- Benzler & Co and Jens S. Atle ownership holding: 70% -- Trima and Alo. Atle ownership holding: 20% -- Alimak and Hek International. Atle ownership holding: 100%, effected 2001. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. : http://www.bit.se/bitonline/2001/02/19/20010219BIT00140/bit0001.doc http://www.bit.se/bitonline/2001/02/19/20010219BIT00140/bit0002.pdf |
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