BEWiSynbra Group postpones IPO and listing on Oslo Børs27-11-2018
BEWiSynbra Group postpones IPO and listing on Oslo Børs
BEWiSynbra Group, one of the leading integrated producers of expandable polystyrene (EPS) in Europe, postpones its launch of an Initial Public Offering and application for a listing on Oslo Stock Exchange (Oslo Børs).
Solna, Sweden, 27 November 2018: Reference is made to the announcement from BEWiSynbra Group AB (publ) (“BEWiSynbra” or the “Company”) on 12 November 2018 regarding the Company’s intention to launch an initial public offering (“IPO”) and to apply for a listing at Oslo Børs.
Equity markets have deteriorated significantly since the Company announced its intention to launch an IPO and to apply for a listing at Oslo Børs, and the current financial markets are characterised by high uncertainty. Based on this, the Company has decided to postpone the listing.
The Company appreciates the positive interactions with potential investors and expects to explore the opportunities for a listing at a later stage.
For further information, please contact:
Gunnar Syvertsen, Chairman of the Board, tel: +47901 87 675
Charlotte Knudsen, Director of IR and Communications,
email@example.com, tel: +47 9756 1959
About BEWiSynbra Group AB
BEWiSynbra is one of the larger producers of expandable polystyrene (EPS) in Europe. The Company is strategically integrated throughout the value chain with an annual production capacity of 185,000 tonnes of the raw material EPS beads and is a market leader in solutions for Packaging & Components and Insulation in several European countries. EPS, also called cellular plastic foam, is among others used for packaging of food, pharmaceuticals and technical components, as well as insulation of buildings and infrastructure.
The information is such that BEWiSynbra Group AB (publ) is required to disclose in accordance with the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 0800 CET on 27 November 2018.