The Cevian Capital II Funds have a shareholding in Wolseley of 14,690,088 shares, corresponding to 5.2 per cent of the company’s voting rights.
Marcus Alexanderson, partner at Cevian Capital, says: “As the world’s leading distributor of plumbing and heating products to the professional markets, Wolseley has a strong set of businesses in an attractive industry. We believe that there is significant value potential in Wolseley, and we support the initiatives pursued by the company to improve the performance of the group.”
Cevian Capital is an investment firm acquiring significant ownership positions in European public companies. It manages EUR3bn for institutional and private clients in Europe, North America and other regions.
