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David Mindus, CEO of Sagax. Photo: Hemsö.
  • Sagax 9th biggest owner of Nyfosa

    PUBLICERAD 2019-01-18 AV sverrirthor
    UPPDATERAD: 2019-01-18 11:16

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    Sagax has acquired 2.8 per cent of the shares in Nyfosa, which is both a competitor and a joint venture partner. The stakes is worth roughly SEK 215 million and is reputedly a part of Sagax cash management strategy. Sagax CEO David Mindus considers that when acquired the share was attractively priced, Nyhetsbyrån Direkt reports. According to data from Holdings, Sagax is now the 9th biggest owner of Nyfosa

    “Following the distribution of Nyfosa shares to the Hemfosa shareholders last autumn, many investors seemed to want to focus on the larger of the two companies, Hemfosa. Large volumes of Nyfosa shares were offered to the market in a short period of time and the share was priced at discount compared to the NAV. Moreover, the profit multiples were attractive,” Mindus writes in an email to Direkt.

    He also expresses a confidence in the Nyfosa executive team, headed by Jens Engwall.

    “The Nyfosa management team has a history of no-nonsense and focusing on creating shareholder value,” he says.

    Oskar von Bahr

     

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