Formica Capital decreases ownership in Scandic Hotels Group

May 7, 2021

Formica has reduced its holding in Scandic Hotels Group. Ownership after divestment is 4,86%.

As part of Formica’s capital management, Formica made a financial investment in Scandic in March 2020, in the midst of the Covid pandemic. Since then Formica has, together with the other owners, supported the company through a new issue of shares and through the recently announced issue of a convertible loan.

In order not to further increase Formica’s exposure to Scandic following the convertible loan issue, Formica has now decreased its holding, giving cause to a notification announcement. Formica’s ownership after this divestment is 4.86%.


For more information, please contact:

Olof Cato, CEO, Formica Capital                              Tel: +46 70 926 66 55