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Ratos Sell Superfos At SEK70 Million Exit Loss

STOCKHOLM -(Dow Jones)- Swedish private equity firms Ratos AB (RATO-B.SK) and IK Investment Partners AB Thursday said they have reached a deal to sell plastic packaging maker Superfos Industries A/S to RPC Group PLC (RPC.LN) for approximately EUR200 million, resulting in an exit loss of 70 million Swedish kronor ($10.3 million) for Ratos. Denmark-based Superfos makes injection moulded open-top plastic packaging products for the food, paint and chemical industries. Ratos and IK Investment Partners bought three divisions of Superfos from U.S. company Ashland Inc. (ASH) in 1999 and have invested a total of SEK471 million in the company. Ratos owns 33% while IK Investment Partners holds 66% in the company. Ratos's share of the selling price amounts to EUR64 million. During the 11 years Ratos has owned Superfos, it has generated an average annual return of about 2%. Ratos has an average annual return target of above 20% for all of its investments. -By Anna Molin, Dow Jones Newswires; +46 8 545 131 03; anna.molin@dowjones.com

Stock News for Ashland (ASH)
DateTimeHeadline
07/30/201516:11:56Quarterly Report (10-q)
07/29/201517:14:05Current Report Filing (8-k)
07/29/201517:00:00Ashland Inc. Reports Preliminary Financial Results for Third...
07/20/201517:16:50Current Report Filing (8-k)
07/17/201516:35:43Statement of Changes in Beneficial Ownership (4)
07/17/201516:34:22Statement of Changes in Beneficial Ownership (4)
07/16/201516:58:06Statement of Changes in Beneficial Ownership (4)
07/16/201509:36:03Ashland Inc. board declares regular quarterly dividend
07/14/201515:38:14Statement of Changes in Beneficial Ownership (4)
07/08/201508:00:00Ashland Inc. to report third-quarter financial results after...
07/02/201513:26:03Statement of Changes in Beneficial Ownership (4)
07/02/201513:22:01Statement of Changes in Beneficial Ownership (4)
07/02/201510:00:29Ashland to acquire AkzoNobel's Zeta Fraction* biofunctional technology
07/01/201511:00:21Ashland completes previously announced sale of industrial biocides...
07/01/201508:00:24Ashland completes previously announced sale of Valvoline's car-care...
06/23/201516:46:59Current Report Filing (8-k)
06/23/201516:30:36Ashland Inc. announces entry into new Credit Agreement
06/23/201508:00:00Ashland Inc. announces expiration of previously announced cash...
06/18/201510:35:36Statement of Changes in Beneficial Ownership (4)
06/17/201517:48:32Statement of Changes in Beneficial Ownership (4)

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