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     215  0 Kommentare 2022 no. 8 - Ahlsell to acquire 75.49% of the shares in Sanistål by conditional share purchase agreements with major shareholders and make a voluntary, recommended offer to the minority shareholders of Sanistål

    Aalborg, 24 May 2022

    Ahlsell Danmark ApS ("Ahlsell") has agreed to acquire, subject to certain conditions, the shares in Sanistål A/S ("Sanistål" or the "Company") held by Danske Bank A/S, Nordea Bank Abp, Jyske Bank A/S and Nykredit Bank A/S (the "Major Shareholders"). The Major Shareholders hold a total of 75.49% of the share capital of Sanistål and will sell their shares at a price of DKK 58 per share.

    Further, Sanistål and Ahlsell today entered into a transaction agreement, pursuant to which Ahlsell intends to submit a voluntary, conditional, recommended offer to the minority shareholders of Sanistål to acquire all other shares including any treasury shares (the "Offer"). Pursuant to the terms of the Offer, all other shareholders than the Major Shareholders are offered a cash consideration of DKK 85 per share. The Offer price entails a premium of 23.31% relative to the average price on Nasdaq Copenhagen yesterday (23 May 2022) and a premium of 46.55% compared to the price offered to the Major Shareholders. 

    The Offer will be subject to, among other things, the necessary regulatory approvals being obtained.

    The Board of Directors of Sanistål has unanimously resolved to recommend all minority shareholders to accept the Offer when submitted.

    Ahlsell intends to acquire all shares in Sanistål for a total purchase price of approximately DKK 770.5 million, assuming all shares are acquired.

    Anders K. Bønding, Chairman of the Board of Directors of Sanistål: "From an overall assessment, we consider the sale to Ahlsell to be the best solution for Sanistål and its stakeholders. As a strong, long-term, industrial owner, Ahlsell may help further strengthen Sanistål, and Sanistål will achieve substantial scale benefits as the Danish leg of the leading distribution and services group in the Nordics. Obviously, the four Major Shareholders were not natural, long-term owners of Sanistål, and the Board is pleased that we can execute the necessary change of ownership in a way that will generate value for the Company’s minority shareholders." 

    The Offer is submitted by Ahlsell Danmark ApS, a wholly owned subsidiary of Ahlsell AB (publ). Ahlsell is the leading Nordic distributor of installation products, tools and supplies for installers, contractors, facility managers, industry, energy companies and the public sector. Ahlsell has around 5,900 employees and more than 240 stores. Its principal markets are Sweden, Norway and Finland, and Ahlsell also has operations in Denmark, Estonia and Poland.

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    2022 no. 8 - Ahlsell to acquire 75.49% of the shares in Sanistål by conditional share purchase agreements with major shareholders and make a voluntary, recommended offer to the minority shareholders of Sanistål Aalborg, 24 May 2022 Ahlsell Danmark ApS ("Ahlsell") has agreed to acquire, subject to certain conditions, the shares in Sanistål A/S ("Sanistål" or the "Company") held by Danske Bank A/S, Nordea Bank Abp, Jyske Bank A/S and Nykredit Bank …