Investor ABAktiebolag is the Swedish term for "limited company" or "corporation". When used in company names, it is abbreviated "AB"...
is a
SwedishSweden , officially the Kingdom of Sweden , is a Nordic country on the Scandinavian Peninsula in Northern Europe...
investmentInvestment or investing is a term with several closely-related meanings in business management, finance and economics, related to saving or deferring consumption. Investing is the active redirection of resources: from being consumed today, to creating benefits in the future; the use of assets to...
company, founded in 1916 and still controlled by the
Wallenberg familyThe Wallenberg family is one of the most influential and wealthy families in Sweden, renowned as bankers and industrialists. In 1990, it was estimated that the family indirectly controlled one-third of the Swedish Gross National Product...
. The company owns a controlling stake in several large Swedish
companiesA corporation is a legal entity separate from the shareholders and employees. In British tradition it is the term designating a body corporate, where it can be either a corporation sole or a corporation aggregate...
with smaller positions in a number of other firms. In 2006 it had a market value of 119
billion1,000,000,000 is the natural number following 999,999,999 and preceding 1,000,000,001.In scientific notation, it is written as 10
9....
kronorThe krona has been the currency of Sweden since 1873. It is locally abbreviated kr. The plural form is kronor and one krona is subdivided into 100 öre . The currency is sometimes informally referred to as the "Swedish crown" in English...
(
€The euro is the official currency of 16 of the 27 Member States of the European Union . The states, known collectively as the Eurozone, are Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and Spain...
13 billion,
$The dollar is the name of the official currency in several countries, including Australia, Canada, the Eastern Caribbean territories, Hong Kong, Singapore, and the United States.-History:...
16 billion). Currently Investor has a strong financial position and is almost debt free.
December 31 2004
- Listed holdings market value: SEK 88,907 million (core + new from AR 2004, 87,645 + 1,262)
- Unlisted holdings value: SEK 16,622 million ("new investments, unlisted" + "other" (presumably unlisted equity), 9,568 + 7,054)
October 15 2006
- The company stock trades at a 25% discount to the total value of its assets.
Discussion
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Investor ABAktiebolag is the Swedish term for "limited company" or "corporation". When used in company names, it is abbreviated "AB"...
is a
SwedishSweden , officially the Kingdom of Sweden , is a Nordic country on the Scandinavian Peninsula in Northern Europe...
investmentInvestment or investing is a term with several closely-related meanings in business management, finance and economics, related to saving or deferring consumption. Investing is the active redirection of resources: from being consumed today, to creating benefits in the future; the use of assets to...
company, founded in 1916 and still controlled by the
Wallenberg familyThe Wallenberg family is one of the most influential and wealthy families in Sweden, renowned as bankers and industrialists. In 1990, it was estimated that the family indirectly controlled one-third of the Swedish Gross National Product...
. The company owns a controlling stake in several large Swedish
companiesA corporation is a legal entity separate from the shareholders and employees. In British tradition it is the term designating a body corporate, where it can be either a corporation sole or a corporation aggregate...
with smaller positions in a number of other firms. In 2006 it had a market value of 119
billion1,000,000,000 is the natural number following 999,999,999 and preceding 1,000,000,001.In scientific notation, it is written as 10
9....
kronorThe krona has been the currency of Sweden since 1873. It is locally abbreviated kr. The plural form is kronor and one krona is subdivided into 100 öre . The currency is sometimes informally referred to as the "Swedish crown" in English...
(
€The euro is the official currency of 16 of the 27 Member States of the European Union . The states, known collectively as the Eurozone, are Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and Spain...
13 billion,
$The dollar is the name of the official currency in several countries, including Australia, Canada, the Eastern Caribbean territories, Hong Kong, Singapore, and the United States.-History:...
16 billion). Currently Investor has a strong financial position and is almost debt free.
Quick facts
December 31 2004
- Listed holdings market value: SEK 88,907 million (core + new from AR 2004, 87,645 + 1,262)
- Unlisted holdings value: SEK 16,622 million ("new investments, unlisted" + "other" (presumably unlisted equity), 9,568 + 7,054)
October 15 2006
- The company stock trades at a 25% discount to the total value of its assets. One possible theory to explain this is the companies practice of issuing dual-class shares to the Wallenberg family, who own just 22% of the company but control 46% through multiple-vote shares.
- 16% of Investors net value is made up of unlisted (private-equity) investments. These include part-ownership of EQT and Investor Capital Partners, a Hong Kong
Hong Kong , officially the Hong Kong Special Administrative Region, is a highly autonomous territory of the People's Republic of China, facing Guangdong to the north and the South China Sea to the east, west and south...
based subsidiary.
History
In 1916, new legislation made it more difficult for banks to own
stockIn the investment world, a share of stock represents a share of ownership in a corporation ....
s in industrial companies on a long-term basis. Investor was formed as an investment part of
Stockholms Enskilda BankStockholms Enskilda Bank, sometimes called Enskilda banken or SEB, was a Swedish bank, founded in 1856 by André Oscar Wallenberg as Stockholm's first private bank...
, at the time the largest instrument of power in the Wallenberg family.
Core
Investor held shares in the following companies as of 31 December 2008:
- ABB - power and automation technology (7.3% stake, 7.3% voting rights)
- Atlas Copco
Atlas Copco is a Swedish industrial company that was founded in 1873. It manufactures industrial tooling and equipment.The Atlas Copco Group is a global industrial group of companies headquartered in Stockholm, Sweden. Revenues for 2007 totaled BSEK 63. The Group employs more than 33,000 people...
- industrial tooling and equipment (16.6% stake, 22.3% voting rights)
- Astra Zeneca
AstraZeneca plc is a large Anglo-Swedish pharmaceutical company formed on 6 April 1999 by the remerger of Swedish Astra AB and British Zeneca Group plc. Zeneca had been part of Imperial Chemical Industries, as 3 divisions that were spun off from ICI on 1 June 1993...
- pharmaceuticals (3.6% stake, 3.6% voting rights)
- Electrolux
The Electrolux Group is a Swedish manufacturer of home and professional appliances and is the second largest appliance manufacturer in the world. According to the company, it sells more than 40 million products to customers in 150 countries annually...
- consumer appliances (12.7% stake, 28.8% voting rights)
- Ericsson
Ericsson , one of the largest Swedish companies, is a leading provider of telecommunication and data communication systems, and related services covering a range of technologies, including especially mobile networks...
- telecommunications (5.1% stake, 19.4% voting rights)
- Husqvarna
Husqvarna was a military arsenal founded in 1689 to produce muskets for the Swedish Army.The companies have since grown and split and the brand is used by several companies...
- Auto, chainsaw and sewing machine manufacturer (15.4% stake, 28.8% voting rights)
- Saab
Saab AB is an aerospace and defense company based in Sweden.-History:"Svenska Aeroplan AB " was founded in 1937 in Trollhättan, with the merger of SAAB and Linköping based ASJA. The headquarters moved to Linköping...
- aviation and military technology (19.8% stake, 38% voting rights)
- SEB
Skandinaviska Enskilda Banken AB is a North-European financial group for corporate customers, institutions and private individuals. Its activities comprise mainly banking services, but SEB also carries out significant life insurance operations and also owns Eurocard...
- banking (20.7% stake, 21.1% voting rights)
Other
Investor's other investments include:
- Gambro
Gambro is a Swedish company specialising in renal medicine products, such as dialysis machines.Gambro was founded in Lund in 1964 by businessman Holger Crafoord after he met Professor Nils Alwall, who had invented an artificial kidney. The company started mass production of dialysis machines and...
- medical technology (49% stake)
- IBX - provider of efficient purchasing solutions and services
- WM-data
WM-data was a Swedish IT consultancy company based in Stockholm, and was completely incorporated by Logica in February 27, 2008. The company was quoted on the Stockholm Stock Exchange as a member of the A-list, but after LogicaCMG's acquisition, WM-data was dequoted...
- IT services (sold in August, 2006)
- Bredbandsbolaget
Bredbandsbolaget is a Swedish Internet service provider owned by Telenor. It was founded in 1998 with a focus on high-speed Internet connection for homes and businesses using optical fiber. It is the second largest ISP in Sweden ....
(BBB) a broadband and telecoms provider. This was initially in difficulty but was sold 2005 to TelenorTelenor is the incumbent telecommunications company in Norway, with headquarters located at Fornebu, close to Oslo. Today, Telenor is mostly an international wireless carrier with operations in Scandinavia, Eastern Europe and Asia. It is ranked as the seventh largest carrier in the world, with...
for a profit.
- 3 Scandinavia (3rd Generation Mobile phone services) A joint venture with Hutchinson Whampoa. By 2008 the Wallenbergs will have invested SKr8bn-10bn for their 40% stake.
- Investor Growth Capital ( which finances start-up companies in health care and technology in the US.
- Novare - A recruitment firm.
- Grand Hotel Stockholm.
- Lindorff headquartered in Oslo, Norway is a credit management company in the Nordic region with a growing European presence.
Former holdings
- Saab Automobile
Saab Automobile AB, better known as Saab, is a Swedish car manufacturer currently owned by General Motors, pending sale to the Koenigsegg Group. It is the exclusive automobile royal warrant holder as appointed by H.M., the King of Sweden...
- acquired by General Motors
- Scania
Scania Aktiebolag , commonly referred to as Scania AB, or just Scania, is a global automotive industry manufacturer of commercial vehicles - specifically heavy trucks , buses, and diesel engines for motive power of heavy vehicles, marine, and general industrial applications.Founded in 1891 in...
- sold part of its stake to Volkswagen AG in 2000, selling the remainder to the German car-maker in March 2008. http://www.scania.com/ir/vw_increases_holding.asp
- WM-Data
External links