Investor AB
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| Type | Public (OMX: INVE B) |
|---|---|
| Founded | 1916 |
| Headquarters | Stockholm, Sweden |
| Key people | Jacob Wallenberg (Chairman of the board), Börje Ekholm (President and CEO) |
| Industry | Industrial holding company |
| Products | Core, private equity, operating and financial investments |
| Operating income | ▼ (SEK 36,521 million) (2008)[1] |
| Profit | ▼ (SEK 36,718 million) (2008)[1] |
| Total assets | SEK 140,659 million (2008)[1] |
| Employees | 143 (wholly owned investment operations) (2008)[1] |
| Website | www.investorab.com |
Investor AB is a Swedish investment company, founded in 1916 and still controlled by the Wallenberg family. The company owns a controlling stake in several large Swedish companies with smaller positions in a number of other firms. In 2006 it had a market value of 119 billion kronor (€13 billion, $16 billion). Currently Investor has a strong financial position and is almost debt free.
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[edit] Quick facts
- 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)
- 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 based subsidiary.
[edit] History
In 1916, new legislation made it more difficult for banks to own stocks in industrial companies on a long-term basis. Investor was formed as an investment part of Stockholms Enskilda Bank, at the time the largest instrument of power in the Wallenberg family.
[edit] Investments
[edit] Core
Investor held shares in the following companies as of 31 December 2008:[1]
- ABB - power and automation technology (7.3% stake, 7.3% voting rights)
- Atlas Copco - industrial tooling and equipment (16.6% stake, 22.3% voting rights)
- Astra Zeneca - pharmaceuticals (3.6% stake, 3.6% voting rights)
- Electrolux - consumer appliances (12.7% stake, 28.8% voting rights)
- Ericsson - telecommunications (5.1% stake, 19.4% voting rights)
- Husqvarna - Auto, chainsaw and sewing machine manufacturer (15.4% stake, 28.8% voting rights)
- Saab - aviation and military technology (19.8% stake, 38% voting rights)
- SEB - banking (20.7% stake, 21.1% voting rights)
[edit] Other
Investor's other investments include:
- Gambro - medical technology (49% stake)
- IBX - provider of efficient purchasing solutions and services
- WM-data - IT services (sold in August, 2006)
- Bredbandsbolaget (BBB) a broadband and telecoms provider. This was initially in difficulty but was sold 2005 to Telenor 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.[2]
[edit] See also
[edit] Other investment companies
[edit] Former holdings
- Saab Automobile - acquired by General Motors
- Scania - sold part of its stake to Volkswagen AG in 2000, selling the remainder to the German car-maker in March 2008. [1]
- WM-Data
[edit] References
- ^ a b c d e "Annual Report 2008". Investor. http://ir.investorab.com/files/press/investor/200903092125-3.pdf. Retrieved on 2009-03-10.
- ^ "Investor - press release". Cision Wire. http://www.cisionwire.com/investor/investor-acquires-50-percent-of-lindorff-. Retrieved on 2008-06-11.
[edit] External links
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