KappAhl: The Swedish Competition Authority approves acquisition of Lindex
The Swedish Competition Authority today approved KappAhl Holding AB's (publ) planned acquisition of AB Lindex (publ). Foreign Competition Authorities have granted corresponding approval.
The background is KappAhl's public cash bid as per August 13, 2007, to Lindex' shareholders to transfer all shares in Lindex to KappAhl. The acceptance period runs until September 27, 2007.
For further information, please contact:
Christian W. Jansson, President and CEO Tel. +46 70 995 02 01
Håkan Westin, CFO Tel. +46 70 471 56 64
KappAhl is a leading Nordic fashion chain with approximately 272 stores in Sweden, Norway, Finland and Poland. We design, market and sell clothes for the entire family, but focus in particular on women between 30 and 50 years of age, shopping for the whole family. KappAhl's head office and distribution centre, which handles the distribution of goods to all stores, is located in Mölndal, just outside Gothenburg. KappAhl employs around 3,700 individuals, more than 90 per cent of whom are women. During the 2005/06 financial year, KappAhl had sales of SEK 4.2 billion, with an operating profit of SEK 530 million. KappAhl's shares are listed on the OMX Nordic Exchange in Stockholm. Further information about the company is available at www.kappahl.com and financial information is available at www.kappahl.com/ir.