Investment AB Latour has through Autotube AB, parent company in business area Automotive, divested Autotube Hordagruppen AB to Lars Lejon. Lars Lejon is at present managing director at Horda Stans AB.
Autotube Hordagruppen AB has a net sale of 80 MSEK and has approximately 80 employees. The company has been for some time unprofitable. The assessment is that in an entrepreneurial management the company will have better prerequisite to develop as an independent company.
The impact of the divestment 2009 is a capital loss of 22 MSEK. The divestment will not affect the liquidity of the Group negatively.
Gothenburg, 7 December 2009
INVESTMENT AB LATOUR
Jan Svensson
President and CEO
For more information please contact Jan Svensson, CEO, Investment AB Latour, tel. +46 705-77 16 40 or Sven-Olov Libäck, Managing Director, Autotube AB, tel. +46 340-628600.