DENMARK - IK and Ratos-backed Superfos offloads US operations

The transaction, which is expected to be completed in mid-February next year, will generate a capital gain in Superfos of USD 43-48m. Superfos' US operations count for around 10% of total sales, with the balance generated in the European markets.

IK acquired Superfos in a EUR 363m take private in 1999. Danske Bank led a bank syndicate which provided around EUR 250m in debt to support the deal. During the ten year holding period, IK and Ratos has focused the group's operations on injection-moulded packaging.

Ratos' stake in Superfos is 33%.

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