Altor reports extended acceptance period outcome
Snark BidCo now controls 79.2% of shares and intends to start compulsory redemption proceedings.
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European mid-market private equity firm
altor.comLast updated
In short: Altor progressed with its acquisition of Sleep Cycle, invested in green steel projects, and executed several high-profile divestments.
Snark BidCo now controls 79.2% of shares and intends to start compulsory redemption proceedings.
Snark BidCo acquired 78.2% after waiving acceptance condition and extended the acceptance period.
The green steel project in Boden, featured on Nasdaq's Times Square billboard, marks a defining moment for European steel.
The report covers commitments, case studies, and sustainability performance across the portfolio, focusing on European reindustrialization and decarbonization.
Altor is now extending the takeover offer for Sleep Cycle to July 2. So far, the private equity firm has received shares corresponding to 74.8 percent of the capital.
Nordic Leisure Travel Group operates brands including Ving, Spies and Tjäreborg alongside 26 concept hotels in destinations including Spain and Greece.
Altor makes a bid for smallcap-listed Sleep Cycle, with a bid price of SEK 24.50 per share. This corresponds to a premium of 47 percent compared to the closing price...
Sweden's influential Wallenberg family has stepped in to rescue a troubled green steel project in the north of the Scandinavian country. Stegra, formerly known as...
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