Divestment of Trelleborg's Trenor holding completed
Divestment of Trelleborg's Trenor holding completed On March 24, the Trelleborg Group announced that an agreement had been entered with Nordic Capital regarding the divestment of the Trelleborg Group's remaining holding (49 percent) in the Trenor Group (Ahlsell, Bröderna Edstrand, Reynolds). The conditions for the implementation of the transaction have now been fulfilled and the divestment has been completed. The purchase price for Trelleborg's holding of SEK 1,100 M was paid in cash on the transfer date, May 17, 2004. For further information, contact CFO Bo Jacobsson, +46 410-670 99 or +46 706-85 65 60 or Senior Vice President, Corporate Communications, Mikael Byström, +46 410-670 37 or +46 708-55 21 69. Trelleborg is a global industrial group. Operations are based on spearhead competence within polymer materials and a high level of industrial know-how, combined with functional solutions and systems designed to meet the needs of our customers. The Trelleborg Group has annual sales of approximately SEK 22.5 billion, with about 21,000 employees in 40 countries. Trelleborg consists of five business areas: Trelleborg Automotive, Trelleborg Wheel Systems, Trelleborg Engineered Systems, Trelleborg Building Systems and Trelleborg Sealing Solutions. The Trelleborg share has been quoted on the A list of Stockholmsbörsen since 1964. www.trelleborg.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/05/17/20040517BIT20810/wkr0006.pdf