Placing of shares in Nordic Waterproofing (SE) — SEK 328 million

Carnegie acted as joint bookrunner in the SEK 328 million placing of Nordic Waterproofing shares, on behalf of Axcel and KIRKBI Invest. Nordic Waterproofing, in its current form, was established in 2011 by Axcel by means of a merger of the Swedish and Danish waterproofing subsidiaries of Trelleborg AB’s and Lemminkäinen Oy’s roof installation businesses. December 2016.