Altor and Stena submits bid for Gunnebo - Board of directors recommends
accepting the offer
September 28, 2020
The Board of Directors of Gunnebo unanimously recommends the shareholders of Gunnebo to accept the offer by GB HoldCo, which is indirectly owned by PE fund Altor V and Stena Adactum AB. Publ. listed Gunnebo AB offers gates and fence systems, access control, vaults, cash management, and electronic security solutions and reported revenues of SEK 5.46bn with EBITA of 321m in 2019. The bid of SEK 25 per share represents a premium of approx. 33% compared to the closing price for the Gunnebo share on Nasdaq Stockholm on 25 September 2020. Gunnebo has retained SEB as financial adviser and Mannheimer Swartling as legal adviser in relation to the Offer.
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