Stockholm, November 21, 2014 — Nasdaq (Nasdaq: NDAQ) announced that Lifco AB (short name: LIFCO B), a Mid Cap company within the Industrials sector, has started trading of its shares on the main market of Nasdaq Stockholm. Lifco is, including switches, the 21st company to list at Nasdaq’s Nordic main markets in 2014 (Nasdaq Stockholm; Helsinki; Copenhagen and Iceland).
Lifco’s business idea is to acquire and develop market leading, niched companies. The company’s aim is to secure that the subsidiaries continuously improve earnings and deliver strong cash flows. Lifco is guided by its corporate philosophy implying a long-term investment profile, focus on profitability and a highly decentralized organization. For more information, visit www.lifco.se.
”Lifco has a strong portfolio of companies and our performance over the past years is a proof point of the strength in our business model,” said Fredrik Karlsson, CEO of Lifco. “We are happy with the great interest and confidence investors both in Sweden and abroad have shown in Lifco. We will continue to strive for a bit of an improvement in our earnings every day.”
”The management team and Lifco’s employees have developed Lifco to a strong group of leading industry and trade operations,” said Carl Bennet, chairman of Lifco and owner of Carl Bennet AB. “The listing on Nasdaq Stockholm will benefit Lifco’s future growth. At the same time, Carl Bennet AB has established a transparent structure with three listed holdings in Lifco, Getinge and Elanders, all listed on Nasdaq Stockholm.”
”We are delighted to welcome Lifco to Nasdaq Stockholm and we congratulate them on the strong investor interest in their IPO,” said Adam Kostyál, senior vice president and head of European listings at Nasdaq. “With its diversified and global portfolio of niche companies Lifco should appeal to all of types investors, and is a great addition to our world leading industrials sector. We look forward to supporting the company in their journey as a publically traded company.”
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Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq Stockholm, Nasdaq Tallin, Nasdaq Vilnius, Nasdaq Clearing and Nasdaq Broker Services are respectively brand names for Nasdaq OMX Copenhagen A/S, Nasdaq OMX Helsinki Ltd., Nasdaq OMX Iceland hf., Nasdaq OMX Riga AS, Nasdaq OMX Stockholm AB, Nasdaq OMX Tallin AS, Nasdaq OMX Vilnius, Nasdaq OMX Clearing AB, Nasdaq OMX Broker Services AB. Nasdaq Nordic represents the common offering by Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm.
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