Ratos refinances HL Display

Following the refinancing, HL Display's net debt amounted to around SEK 660m as of 31 December 2013.

Ratos acquired 29% of HL Display in connection with the acquisition of Atle in 2001. In 2010, the GP acquired the majority of the shares and delisted the company from the Nasdaq OMX Stockholm. Today Ratos owns 99% of the company.

HL Display then focused on increasing effectiveness in production and on cost control. The refinancing was made possible by healthy cash flows, a strong balance sheet and continued positive future prospects, according to Ratos.

A refinancing was also completed in 2010, in which Ratos received around SEK 400m. Following this latest refinancing, Ratos's invested capital in HL Display amounts to SEK 410m.

Company
HL Display is a provider of products and solutions for shop communication and product exposure, operating in 47 countries. The company has production facilities in Poland, Sweden, China and the UK. HL Display employs 1,150 people.

People
Susanna Campbell is the CEO of Ratos.

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