WULFF-GROUP PLC STOCK EXCHANGE RELEASE 23.12.09, 1:30 p.m.
THE FINAL PRICE OF THE ACQUISITION OF STRÅLFORS SUPPLIES AB AND THE SALE OF
ADDITIONAL SHARES TO KEY PERSONNEL
The final price of the acquisition of a majority interest in Strålfors Supplies
AB, confirmed by Wulff-Group Plc on July 31st, 2009, has been agreed by the
parties. The final price was specified to total SEK 34.9 million (EUR 3.4
million), while the price determined earlier was SEK 37.2 million(EUR 3.6
In conjunction with the confirmation, Wulff-Group Plc will sell to five key
personnel 8% of the shares of the Holding company that owns Strålfors Supplies
AB’s shares. After the acquisition, 60% of the Holding company will be owned by
Wulff-Group Plc, 20% by Strålfors Supplies AB’s key personnel, and 20% by
Strålfors AB. The price of the sold shares was tied to the net asset value of
the company. Wulff-Group Plc will acquire the remaining 20% of shares from
Strålfors AB in 2011.
Strålfors Supplies AB significantly boosted Wulff-Group Plc’s business in
Scandinavia. The Strålfors deal also made it the biggest Nordic player in the
office world. Customers will also see the co-operation of the Group’s Nordic
companies in their brand, when Strålfors Supplies AB’s name changes on January
1st, 2010 into Wulff Supplies AB.
Heikki Vienola, CEO
tel. +358 9 5259 0050 or +358 50 65 110
Petri Räsänen, CFO
tel. +358 (0)9 5259 0050 or +358 (0)40 728 1516
NASDAQ OMX Helsinki