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Reuters – Ratos Sells Stofa

Ratos has sold broadband, cable TV and telephony company Stofa to the Danish energy and telecom group SE (syd energi) for DKK 1,900 million ($331.2 million), writes Reuters. The sale is reported to generate a net exit gain for Ratos of approximately SEK 850 million and an average annual return (IRR) of approximately 55 percent.

Reuters – Ratos : * Ratos sells broadband, cable TV and telephony company Stofa to SE * Says has signed an agreement to sell all the shares in the subsidiary Stofa

to the danish energy and telecom group SE (syd energi) for DKK 1,900M

(enterprise value). * The selling price for 100% of the shares (equity value) amounts to approximately DKK 1,002m * Says the sale generates a net exit gain for Ratos of approximately SEK 850M

and an average annual return (IRR) of approximately 55%.