Formica Capital invests in Scandic Hotels – change of ownership’s notice

April 24, 2020

Formica Capital AB has acquired 5.25% of the shares in Scandic Hotels Group AB, listed on Nasdaq Stockholm.

For further information, please contact:

Olof Cato, CEO Formica Capital
Tel: +46 709 26 66 55

Scandic Hotels Group is the largest hotel company in the Nordic countries with more than 280 hotels in operation and under development, in more than 130 destinations. The company is the leader when it comes to integrating sustainability in all operations and its award-winning Design for All concept ensures that Scandic hotels are accessible to everyone. Well loved by guests and employees, the Scandic Friends loyalty program is the largest in the Nordic hotel industry and the company is one of the most attractive employers in the region. Scandic Hotels is listed on Nasdaq Stockholm.