FinnvedenBulten IPO price set at 49 crowns/share

Newswire

STOCKHOLM, May 20 (Reuters) - Swedish auto parts maker FinnvedenBulten, being listed by owner Nordic Capital, said on Friday its offer price had been set at 49 crowns a share, valuing it at about 1 billion crowns ($159.4 million). Nordic Capital bought Finnveden in 2005. It had intended to list the company in March, but the Japanese earthquake and uncertainty for car industry companies put the plans on hold. The total value of the share sale is about 638 million crowns, if overallotment ...

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