Ratos
In 1983, the company was sold to a Swedish consortium headed by Ratos and the following year it was named Scandic Hotels. Ratos became sole owner in 1985, and a year later the first hotel outside Scandinavia opened in Koblenz, Germany.
The business was negatively impacted by the 1990/91 Gulf Crisis, and company management was replaced in 1992. In 1996 the group acquired Reso Hotels and became a publicly traded company on the Stockholm stock exchange. Two years later, the Arctia Hotels group in Finland followed, giving Scandic a presence in all the Scandinavian countries, and in 1999 the group expanded into Estonia.
In 2001, Scandic was acquired by the London-based Hilton Group. The hotel chain changed ownership again in 2007, this time bought by Swedish private equity firm EQT for EUR 833 million.
Read more about this topic: Scandic Hotels