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UNQUOTE
  • PIPEs

SWEDEN - CapMan Public Market Fund makes first investment

  • Rikke
  • 02 March 2009
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CapMan Public Market Fund has acquired 6.22% of listed kitchen company Nobia AB.

Since its inception in 1996, Nobia has grown through a series of acquisitions. The group currently includes more than 20 European kitchen brands, among them HTH in the Nordic countries, UK-based Magnet and international luxury kitchen provider Poggenpohl. Nobia's core markets are the Nordic countries, UK, Germany, France and Austria, but the business also has operations in other European countries. The group employs some 9,000 people and generated net sales of approximately SEK 1.6bn in 2008.

Nobia is listed on the Nasdaq OMX Nordic Exchange in Stockholm. At the time of writing, the share is trading at SEK 16.70.

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