Litorina IV L.P. (“Litorina”) has entered into an agreement with Acervo AB (“Acervo”) to acquire 1,000,000 shares, corresponding to 4.8% of the shares and votes, in RugVista Group AB (publ) (“RugVista”). Post the divestment Litorina holds 8.7% in RugVista.
Acervo is an investment firm majority-owned by Peter Lindell and Carl Westerstad.
For further information, please contact:
Paul Steene, Litorina Capital Advisors AB
Telephone: +46 709 310 332
About RugVista Group AB (publ) RugVista Group is one of the leading European direct-to-consumer online platforms within carpet and rug sales through its online stores, available in 20 different languages, using the RugVista and CarpetVista brands. The company was founded in 2005 and offers a broad and relevant range of quality design and traditional carpets and rugs. RugVista Group offers its EU based customers free deliveries and returns free of charge. The Group’s operations are divided into three segments: Private consumers (B2C), Business consumers (B2B), and Marketplaces & Other (MPO). The B2C segment represents the consumer market and is the Group’s core segment. RugVista Group employs approximately 85 FTEs and is headquartered in Limhamn, Sweden. The Group’s shares are traded on Nasdaq First North Premier Growth Market under the ticker symbol “RUG”.