Embellence Group AB (publ) (“Embellence”) has been informed that JCE Asset Management AB (“JCE”) has entered into an agreement with Embellence’s largest shareholder, Litorina Coinvest 1 AB (“Litorina”), to acquire 2,247,000 shares in Embellence from Litorina, equivalent to 10.5 per cent of the shares and votes in Embellence.
“JCE is a quality investor and we welcome them as a significant owner of Embellence and as a stakeholder in our continued work to build a house of premium interior decoration brands,” says Olle Svensk, CEO of Embellence Group.
Embellence Group is a leading European company in the premium wallpaper segment and has a prominent position internationally with sales in over 90 countries. Our brands include Cole & Son, Wall&decò, Perswall, Pappelina and Boråstapeter. Embellence Group shall develop its position as a leading House of Brands in premium interior decoration with a focus on wallpaper, textile, rugs and other interior decoration and drive development in a changing wallpaper and interior decoration market. Embellence Group is listed on Nasdaq First North Premier. FNCA Sweden AB is appointed Certified Adviser, email@example.com, +46 (0) 8-528 00 399.