Litorina Coinvest 1 AB (“Litorina”) has entered into an agreement with Acervo AB (“Acervo”) to acquire 1,700,000 shares, corresponding to 7.9% of the shares and votes, in Embellence Group AB (publ) (“Embellence”). Post the divestment Litorina holds 14.8% in Embellence.
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
Embellence Group is a leading player in the premium interior design market and has a prominent position internationally with sales in over 90 countries. Embellence Group brands include Cole & Son, Wall&decò, Perswall, Pappelina, Artscape and Boråstapeter. Embellence Group shall develop its position as a leading House of Brands with a focus on wallpaper, textile, rugs, pattern-based window film 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.