Rights issue of around MSEK 40.8 in Clemondo

By October 18, 2018No Comments

Clemondo Group AB (publ) has during summer 2018 performed a rights issue of shares of around MSEK 40.8. The funds contributed to the company through the rights issue shall primarily be used for the financing of an action plan for ensuring offensive growth, strengthened marketing as well as efficiency and substantial cost savings.

Clemondo was established in 1957 and is a prominent player within formulated chemistry on the Nordic market offering a wide assortment of efficient and environmentally friendly cleaning products for automotive maintenance, industry, hygiene and private label. The group’s turnover in 2017 was around MSEK 300 with around 100 employees in Rörvik and Helsingborg, with the head office located in Helsingborg. The Clemondo share is traded at Nasdaq First North.

Clemondo was advised by HWF Advokater in connection with the rights issue.