News
Rettig Group issues a EUR 100 million domestic bond
Rettig Group will issue a domestic bond of EUR 100 million on 22 June 2010. The bond has a maturity of five years and it carries an annual coupon of five per cent.
The proceeds of the issue will be used for general corporate purposes. The offering is Rettig’s inaugural bond issue.
Nordea Markets and Sampo Bank act as joint book runners for the transaction. In addition, Pohjola Bank acts as co-lead manager.
For more information, please contact:
Leif Söderström, Group Treasurer, tel. +358 40 501 0930
Rettig is a group of Finnish family owned companies focusing on three core business areas: Rettig ICC (radiators for hydronic and electrical heating, indoor climate regulation), Bore (shipping) and Tarkala (real-estate development and rental). The net sales in 2009 amounted to EUR 572 million. Rettig employs 3,500 persons in 20 countries. There are 15 production plants in 11 countries.
Rettig signed a share purchase agreement with the co-owners of Nordkalk on 19 May 2010. As a consequence, Rettig’s ownership in Nordkalk increases to 100%. The transaction is subject to competition authorities’ approval. Nordkalk is the leading producer of limestone-based products in Northern Europe.
17.06.2010
All news:
12.08.2010 Rettig finalises the acquisition of Nordkalk30.06.2010 Rettig Group signs a syndicated revolving facility agreement of EUR 80 million
17.06.2010 Rettig Group issues a EUR 100 million domestic bond
19.05.2010 Nordkalk becomes fully owned by Rettig
22.03.2010 Rettig Group's Annual Report 2009 published
21.09.2009 Rettig becomes major shareholder in Nordkalk
10.03.2009 Rettig Group's Annual Report 2008 published
05.11.2008 Rettig Group acquires a family business in Turkey
11.06.2008 Rettig 15 years in Poland
05.03.2008 Rettig Group's Annual Report 2007 published