Altor sells 14% of shares in Dustin to institutional investors
Altor Fund II (”Altor”) has today sold 7,617,312 shares, representing 10% of the share capital and votes, in Dustin Group AB (”Dustin”) to Axel Johnson AB.
Following this transaction, Altor owns 18,254,878 shares in Dustin (24% of the share capital and votes).
Altor Fund II (”Altor”) has today sold 3,000,000 shares, representing 4% of the share capital and votes, in Dustin Group AB (”Dustin”) to a limited number of institutional investors.
Following this transaction and the sale of shares yesterday to Axel Johnson AB, Altor owns 15,254,878 shares in Dustin (20% of the share capital and votes) and remains as a significant shareholder in the company.
“The successful development of Dustin is a result of a strong partnership between Altor, the management, the founders and the Board of Directors of Dustin. Altor believes that the company is well-positioned for long-term success and looks forward to remaining a significant owner together with Dustin’s high quality shareholders, says Stefan Linder, Partner at Altor Equity Partners and Board Member of Dustin.”
In 2006, Altor acquired a majority ownership in Dustin, founded by the Lundevall family in 1984. In February 2015, Dustin was listed on Nasdaq Stockholm and the company today has close to 6,500 shareholders.