News

Kistefos AS has increased its holding in Rederi AB TransAtlantic

Kistefos AS (“Kistefos”) has acquired 342,000 B shares in TransAtlantic, following which Kistefos, together with its subsidiary Viking Invest AS, holds a total of 93,399,980 shares in TransAtlantic (4,937,366 A shares and 88,462,614 B shares).

Monday Mar, 3 2014

The shareholding has thus increased from a total of approx. 62.9 percent of the shares and approx. 58.5 percent of the votes to approx. 63.2 percent of the shares and approx. 58.6 percent of the votes.

Under the terms of previously obtained exemptions (most recently the Swedish Security Council’s statement 2013:38) a mandatory bid obligation has now arisen. Kistefos intends to return, within four weeks, with information on any mandatory offer for the remaining shares of Transatlantic. If such a mandatory offer is launched, the price offered will according to Kistefos amount to SEK 5.00 per share, regardless of class of share, which is not lower than the highest price paid by Kistefos in the acquisition of shares in TransAtlantic during the past six months.

For further information
Christian Holme, Investment Director at Kistefos AS
Phone: +(47) 23 11 70 00 / +(47) 97 48 83 38
Email:

The information was submitted for publication on March 3rd, 2014 at 08:30 am.

This press release does not constitute a public offer to acquire shares.
This press release must not be published or distributed, directly or indirectly, in or into Australia, Hong Kong, Japan, Canada, New Zealand, South Africa or the United States.