Due to the change in ownership, which follows as a result of Quimper AB's completion of the tender offer to the shareholders in Ahlsell AB, Ahlsell and Quimper have entered into a financing agreement.
Due to the completion of the offer, which Quimper announced on 11 December 2018 and thereafter declared unconditional on 13 February 2019, certain change of control provisions under Ahlsell's current financing arrangement have become applicable. In connection with this, Quimper has offered Ahlsell financing on market terms to replace its financing, of which an agreement has now been reached.
Only directors which are independent from the main owner have participated in handling of the matter.
For further information, please contact:
Karin Larsson, Head of IR and external communications
+46 8 685 59 24, email@example.com
Ahlsell is the Nordic region’s leading distributor of installation products, tools and supplies for installers, construction companies, facility managers, industrial and power companies and the public sector. The unique customer offer covers more than one million individual products and solutions. The Group has a turnover of just over BSEK 31 and is listed on Nasdaq Stockholm. About 97% of revenue is generated in the three main markets of Sweden, Norway and Finland. With about 5,700 employees, more than 240 branches and three central warehouses, we constantly fulfil our customer promise: Ahlsell makes it easier to be professional!
Press release, February 18, 2019