A company dating back to the 1800s that was once one of the largest and most profitable is now on its way back to the exchange.
Orkla confirms that it proceeds with the plan noting Granges on the Stockholm Stock Exchange, and relate this to happen in the fourth quarter. It appears from a statement.
Granges are specialists in rolled aluminum.
Nasdaq OMX Stockholm has on Wednesday decided to accept Granges shares commence trading on the Exchange, subject to customary closing conditions.
the Offering in an IPO includes existing shares sold by Orkla Industrial Investment AB.
Carnegie and SEB are primarily responsible for the IPO. Danske Bank, Handelsbanken is known as joint bookrunners.
Granges were formed in 1896 and was until 1958 the principal owner of LKAB.
For a while, the company was one of the largest. After a kringlig way Granges were purchased from the stock exchange in 2005.
In late 2013 resurrected Granges as a private company – and now publicly listed company therefore soon.
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