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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;

Stock News for Ashland (ASH)
02/01/201617:12:57Amended Statement of Changes in Beneficial Ownership (4/a)
02/01/201617:09:56Statement of Changes in Beneficial Ownership (4)
02/01/201617:02:09Current Report Filing (8-k)
02/01/201616:13:01Ashland Inc. completes acquisition of Oil Can Henry's stores
01/28/201609:25:25Ashland Inc. board declares regular quarterly dividend
01/27/201610:00:02New Valvoline Instant Oil Change service center opens in Minnesota
01/25/201617:31:17Current Report Filing (8-k)
01/25/201617:15:36Ashland Inc. reports preliminary financial results for first...
01/25/201613:50:45Amended Statement of Ownership (sc 13g/a)
01/21/201616:28:08Statement of Changes in Beneficial Ownership (4)
01/19/201622:29:00Shareholder Urges Ashland to Halt Valvoline Spinoff
01/14/201611:30:00Valvoline™ Launches 150th Commemorative Year
01/06/201617:32:25Statement of Changes in Beneficial Ownership (4)
01/06/201609:00:05Ashland Inc. to report financial results for first quarter of...
01/05/201618:15:16Statement of Changes in Beneficial Ownership (4)
01/05/201618:13:06Statement of Changes in Beneficial Ownership (4)
01/05/201618:12:12Statement of Changes in Beneficial Ownership (4)
12/28/201516:47:06Current Report Filing (8-k)
12/17/201510:28:18Ashland's Silverman elected to Society of Chemical Manufacturers...
12/11/201513:00:14Ashland to acquire Oil Can Henry's, marking Valvoline's expansion...

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