Nordic M&A News
May 11, 2018

- Denmark -

DLG divests subsidiary to UK capital fund (Jyllands-Posten)

DLG has just sold the remaining parts of the subsidiary Kongskilde Industries to the British capital fund Green Park Partners. The deal is the last in the divestment wave, with a total of 15 companies for a turnover of DKK 6.5bn. The many divested companies have either been defamatory or have activities that are too far from DLG's core business.

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Gundersen and Halberg established investment associations (Borsen)

The two tobacco manufacturers from Fyn, Halberg and Gundersen, who fought for 100 years against each other for the sale of pipe tobacco, founded a mutual fund three years ago named Halberg-Gundersen Invest. They invested DKK 150m themselves and now has a capital of DKK 285m. The goal is to reach more than DKK 1bn.

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- Sweden -

iCentrex acquires two Danish companies (Cision)

The cloud service provider, iCentrex, became the first Swedish company to deliver its fixed and mobile telephony services in TDC's Danish network a year ago. Until now, they have acted in Denmark through the Swedish organization. By acquiring the majority of shares in the companies CloudKOM as a name change to iCentrex Denmark and ProKOM, merged into the Danish company, they strengthen their local presence in Denmark with offices in Hedensted and Copenhagen.

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Indentive's subsidiary Vodvision Europe AB divests Pergas AB (Cision)

Indentives subsidiary Vodvision Europe AB has signed an agreement for the sale of wholly owned subsidiary Pergas AB to Hansson Kreativitet AB, owned by Ola Hansson, CEO of Pergas AB. "Through the divestment of Pergas, we continue our efforts to strengthen focus on our core business and customer-related activities" says Anders Visell, CEO of Indentive.

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- Norway -

No news to report 

- Finland -

Stockmann divests Helsinki bookstore property (Cision)

Stockmann has signed an agreement to sell its bookstore property in the center of Helsinki to the AEW Europe City Retail Fund with a purchase price of EUR 108.6m. The real estate will be transferred to the new owner on May 24, 2018. "We are pleased that a stable, reliable and professional real estate investor was found in the property. The bookstore has an excellent location and strong tenants, which contributed to the sale of the property" says Stockmann's Managing Director Lauri Veijalainen.

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Prepared by Oliver Jacobsen