Stock exchange release
July 1, 2004
FISKARS HAS SOLD MOST OF ITS HOLDINGS IN
FISKARS HAS SOLD MOST OF ITS HOLDINGS IN PRIVATE EQUITY FUNDS Fiskars has divested its investment in EQT funds by selling all its holdings in the funds for some EUR 17 million. The company will book a slight profit from the transaction. Having sold its participations in these funds, Fiskars Corporations only investment fund holding left is a minor stake in the American AEA fund. The EQT Equity Funds were established in 1994, the total assets administered by the funds being around EUR 3 billion. Investments have been made in more than 30 companies. Fiskars has invested in the EQT funds since 1994 and the investments have yielded good returns. In accordance with company strategy, Fiskars sold its holdings to concentrate on developing its direct industrial holdings. Juha Rauhala Leena Kahila-Bergh Vice President, Vice President, Corporate Finance Corporate Communications