Alfa Laval raises stake in Alfa Laval India Ltd and plans to apply for delisting

Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – will buy just over 50 percent of the outstanding minority shares in its subsidiary Alfa Laval India Ltd, and plans to apply for a delisting of the shares from the Bombay Stock Exchange and the National Stock Exchange of India.

The reverse book-building process was closed on February 23rd and the result is that Alfa Laval will acquire 1.03 million shares for INR 4,000 apiece to reach an ownership of 94.5 percent. Reaching that stake, Alfa Laval can submit an application to delist the shares. All remaining public shareholders in Alfa Laval India Ltd will have the option to sell their shares for INR 4,000 per share in the coming 12-month period.

The price of INR 4,000 per share means that Alfa Laval initially will pay approximately SEK 550 million. If all shareholders accept the offer, the total price will reach SEK 1.06 billion.

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