NORWAY: Altor coy on Helly Hansen sale plans
Private-equity firm Altor has remained coy on reports that it plans to put outdoor clothing brand Helly Hansen up for sale this week.
Altor confirmed to just-style in December that it would be seeking more than NOK2bn for the brand. Swedish daily DN also reported in December that potential suitors could include big private-equity firms like Blackstone or the Carlyle Group.
Altor sold Helly Hansen Pro, a subsidiary focusing on survival suits, boat canopies and textile-based products for agriculture, industry and health sectors, to Montagu Private Equity in December 2010.
An Altor spokesperson declined to comment on the "rumours".
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