Industrivärden to sell its shareholding in Elit Fönster AB
12/30/1997 6:00 AM EST
Following completed negotiations, an agreement was reached today whereby
Myresjö AB will acquire Industrivärden's 50 percent shareholding in Elit
Fönster AB. Myresjö, a wholly owned subsidiary of Skanska, will thereafter own
all the shares in Elit Fönster. The agreement will be reviewed by the Swedish
Competition Authority.
Elit Fönster, which is Sweden's largest window manufacturer with estimated
sales of more than SEK 500 M in 1996 and approximately 650 employees, will
thereafter be a part of Skanska Industri unitof Skanska.
Stockholm, December 30, 1996
AB INDUSTRIVÄRDEN
For further information, please call:
Anders Karlsson, President, Skanska Industri, tel. +46 40 14 42 43,
or Carl-Olof By, Executive Vice President, AB Industrivärden.
tel. +46 8 666 64 00