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August 8, 2024

Minority shareholders are opposing the public takeover bid for niche bank Resurs (publ.)

Minority shareholders are opposing the takeover bid for niche bank Resurs. The company's main owner family Bengtssons, through their company Waldakt, and supported by CVC Capital Partners, made a bid for the bank on June 17th, with a bid price of SEK 23.50 per share. The bid values the company at SEK 4.7bn. Minority owners argue that the bid is too low, but due to takeover rules, it is deemed unlikely for the bid to be raised. The minority owners, led by Jim Löfgren, say the group opposing the bid now represents about 12% of the company's shares. Carnegie Investment Bank acts as sole financial adviser to CVC Capital Partners and Waldakt in their recommended public cash offer to Resurs' shareholders. Gernandt & Danielsson (legal) advised Waldakt in the proceedings. The offer period runs from 2 August to 30 August. Excluding items affecting comparability, Resurs reported a net interest income of SEK 2,821m and a net profit of SEK 452m in Q1-2024 (LTM).
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