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Bathroom giant and parent company of Twyford and Keramag Design brands, the Sanitec Corporation has listed its shares on the NASDAQ QMX Stockholm exchange. According to the company, the offering was oversubscribed several times.
Commenting on the stock exchange listing, senior vice president of sales and marketing UK & Ireland, John Blackburn said: “The stock exchange listing is a key milestone for our corporate profile but is also an opportunity to further enhance awareness of our local brands Twyford and Keramag Design and their product ranges.”
While Peter Nilsson, president and CEO Sanitec, stated: “We are very proud of the interest that both investors and the public have shown in Sanitec. It confirms the robustness of our work over the past few years based on our ‘One Sanitec’ strategy, with a focus on economies of scale, efficiency enhancements, innovation and design. It is also a sign of confidence in our plans for the future. “We welcome new shareholders and look forward to continuing to develop Sanitec and our local brands as a listed company.”