STOCKHOLM, Sweden, May 17, 2004 (PRIMEZONE) -- On March 24, the Trelleborg Group announced that an agreement had been entered with Nordic Capital regarding the divestment of the Trelleborg Group's remaining holding (49 percent) in the Trenor Group (Ahlsell, Broderna Edstrand, Reynolds).
The conditions for the implementation of the transaction have now been fulfilled and the divestment has been completed.
The purchase price for Trelleborg's holding of SEK 1,100 M was paid in cash on the transfer date, May 17, 2004.
Trelleborg is a global industrial group. Operations are based onspearhead competence within polymer materials and a high level ofindustrial know-how, combined with functional solutions and systemsdesigned to meet the needs of our customers. The Trelleborg Group hasannual sales of approximately SEK 22.5 billion, with about 21,000employees in 40 countries. Trelleborg consists of five business areas:Trelleborg Automotive, Trelleborg Wheel Systems, Trelleborg EngineeredSystems, Trelleborg Building Systems and Trelleborg Sealing Solutions.The Trelleborg share has been quoted on the A list of Stockholmsborsensince 1964.
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
http://www.waymaker.net/bitonline/2004/05/17/20040517BIT20810/wkr0006.pdf
-0- CFO Bo Jacobsson +46 410-670 99/+46 706-85 65 60 Senior Vice President, Corporate Communications, Mikael Bystrom +46 410-670 37/+46 708-55 21 69