SCANDINAVIAN STOCKS - Aspects to observe for 2015

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Scandinavian Seating.

Resources proposed by Triton have successfully closed the buying of Scandinavian Business Seating, considered one of the major business seat producers in Europe, which focuses on Scandinavian created ergonomic swivel and meeting chairs for workplace usage.

Scandinavian Business Seating, situated in Oslo, is now one of the business seat sector leaders in the Scandinavian Nations and Western Europe. The firm offers a range of prize-winning products with three unique brandnames: HÅG, RBM and RH. They have a status for unit innovation in functional design and ergonomics. Scandinavian Business Seating has roughly 460 individuals, utilizing production sites in Norway and Sweden and markets by way of an independent community of distribution establishments in ten nations.

"Scandinavian Business Seating has the capacity to profit from growth in its existing Western geographies and their Eastern hubs. We are optimistic that the management group in collaboration with Triton will take Scandinavian Business Seating to another level" stated Peder Prahl, Director and the General Partner of the Triton funds.

"As a new owner, Triton can present a fresh viewpoint and help us to complete our strategy, from remaining the leading workplace chair manufacturer in Europe, to becoming a globally essential workplace seating supplier. We're looking forward to increasing our expansion with the new proprietor aboard," explained Lars I. Røiri, CEO of Scandinavian Business Seating Group AS.


Geberit of Switzerland claimed that it had offered to purchase the Sanitec Corporation, a Finnish producer of bathroom and toilet ceramics, for $1.35 billion upfront.

The deal is expected to significantly extend Geberit's ranges of washroom fixtures as well as other ceramics. The Swiss firm is mainly known for "behind the wall" offerings, particularly piping equipment.

The combined company may have made pro forma sales 2.9 billion Swiss francs in 2013, or approximately $3 billion, and posted a net profit of roughly half a billion francs.

Geberit has promised to settle 97 Swedish kronor per share for each one of the outstanding stocks of Sanitec, pricing the business around 9.7 billion kronor, or about $1.35 billion. The offer signifies a 54.6 p.c premium to Sanitec's closing price.

"The great reputation of both businesses for unit quality and reliability, service and innovation blended with robust brands make this combination an ideal match," Albert M. Baehny, the CEO of Geberit, reported in a press release.

Sanitec's management have unanimously advised that the business's stakeholders take the offer. Three directors who represent substantial stockholders didn't attend the board negotiations.

The Swedish equity capital business EQT and the Swedish investment agency Zeres Capital Partners, two of the business's biggest investors, equally have agreed to accept the offer. Their assets jointly represent roughly 25.5 % of Sanitec's shares.


The Danish insurance company published third-quarter earnings slightly over estimates, and held their financial objectives.

Pretax revenue from the quarter, which had been negatively influenced by a substantial flood in Copenhagen, fell to 782 million Danish crowns from 907 million crowns a year earlier.


The Swedish metal firm stated the value in their initial public offering (IPO) had been fixed at 42.50 Swedish crowns a share before its market launch, near the bottom of an original setting of 42 to 50 crowns.

Avance Gas.

The Norwegian gas shipping company said it will postpone their plan of pursuing merger opportunities as it reported a greater-than-expected growth in third-quarter net earnings .

Net earnings from the 2nd quarter rose to $32.3 million from $10.9 million a year earlier and over an estimate of $28.2 million in a Reuters survey of analysts.