Press release

 

Odense, 29th September 2008

 

Change in ownership of Boeflora A/S

 

Today it has been agreed upon that Frederik L. Boeskov as of 30th June 2008 will buy 33% of the share capital of Boeflora A/S. The equity interest is taken over from Bøg Madsen Holding A/S.

 

For the past 7 years it has not been possible for neither Bøg Madsen Holding A/S nor Boeflora A/S to successfully gain satisfactorily synergy. Today, Frederik L. Boeskov holds a leadership position and therefore finds it natural to attain ownership.

 

In recent months Bøg Madsen A/S has turned into a competitor to Boeflora A/S on several markets and both parties find this undesirable.

 

The cooperation at the logistic centre at Hvidkærvej 17, 5250 Odense, will continue unchanged.

 

In case of further questions please contact:

 

Hilmar Boeskov, phone +45 40 15 81 50
Jens Bøg Madsen, phone +45 40 36 56 87

 

Hilmar Boeskov 
Managing Director 
Boeflora A/S  

Jens Bøg Madsen
Managing Director
Bøg Madsen Holding A/S

 

                                                                   
                                                                  
                                                                        

 

www.bogmadsen.com

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