Nordstjernan increases its holding in Nobia
On January 17, 2011, Nordstjernan AB (“Nordstjernan”) increased its holding in Nobia AB (“Nobia”) to the extent that it now exceeds 10 percent. Following the acquisition, Nordstjernan’s total shareholding in Nobia amounts to 17,559,573 shares, corresponding to 10.0 percent of the shares and voting rights in Nobia.
Nobia is one of the largest kitchen companies in Europe. The company develops and sells kitchen products through about 20 brands, such as HTH in the Nordic region, Magnet in the United Kingdom, Hygena in France and Poggenpohl globally. For more information, visit www.nobia.com.
“Nordstjernan has monitored Nobia’s development for several years. We recognize the company’s strong market position as one of the two largest players in the European kitchen products industry, with a number of excellent brands. At the same time, we are of the opinion that Nobia has considerable improvement potential and we have great confidence in its new management’s plans to realize it,” says Tomas Billing, President and Chief Executive Officer of Nordstjernan.
Questions will be answered by Tomas Billing, telephone +46 8 788 50 18.
Nordstjernan is a family-controlled investment company that creates growth in value through long-term and active ownership of Nordic companies. More information on Nordstjernan can be found on www.nordstjernan.se.