Nordic Capital To Sell Thule Stake

Nordic Capital is set to sell its stake in Thule.

Nordic Capital is set to sell its stake in Thule, Financial Times reports. The Stockholm-based private equity firm appointed investment bank Rothschild to examine a potential stock market listing or sale of the company.

The company acquired Thule stake for approximately €1.2 billion in 2007. The Swedish maker of car roof boxes, snow chains and trailers is also likely to raise about €4billion fund later in 2011.

Click here for the story from Financial Times.