So the family, next creates a shell account for non-profit stocks in Investor AB, and keep on trucking with their bad practices, the legislation tried to curb. It's an 8 or 9 generation family non-profit that still profits the banking family, under disguise.



Investor AB
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Investor AB
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
Employees 147 (wholly owned investment operations)
Website http://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. In 2006 it had a market value of 119 billion kronor (€13 billion). ($16 billion). Currently Investor has large cash reserves and is almost debt free. CEO Borje Ekholm has discussed a stock buy-back to take the company private again, or potential acquisitions in technology, financial services, health care or engineering.
Contents
[hide]

* 1 Quick facts
* 2 History
* 3 Investments
* 4 See also
o 4.1 Other investment companies
o 4.2 Former holdings
* 5 External links
o 5.1 Company websites
o 5.2 Data

[edit] 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 based subsidiary.
* Investor AB has confirmed in 2007 that it is ready to gain an automaker in its firm once again, and has high prospects on Volvo Personvagnar AB (Volvo Car Corporation). Investor AB is the Swedish consortium that is bidding for the majority stake buyout of Volvo Cars from Ford Motor Company before the end of 2007. Executives from this equity firm have also confirmed that over 55% of the buying price of Volvo Cars is ready and the remainder will be generated under the Swedish Stock exchange. Volvo Cars representatives have already announced in an interview in Sweden that the company is currently looking for Swedish ownership or partenship once divested from FOMOCO's PAG. The Wallenberg Family that owns Investor AB will have the majority controlling interest of the Volvo Car Corporation and FOMOCO will maintain the minority stake in company once the future sale is completed. Volvo Personvagnar AB is then speculated to still be a close affiliate of FOMOCO but not one of the Ford brands, sharing some technology as in platforms. Investor AB is one of few companies that have publicly confirmed their interest in buying Volvo Personvagnar AB. After the majority stake sale from FOMOCO back to Investor AB, The Wallenbergs will be like the family that owns majority of BMW AG or the family that owns the majority of Porsche AG.

[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

* ABB - power and automation technology (7.5% Stake, 7.5% Voting rights)
* Atlas Copco - industrial tooling and equipment (15% Stake, 21% Voting rights)
* Astra Zeneca - pharmaceuticals (2.5% Stake, 2.5% Voting rights)
* Electrolux - consumer appliances (11% Stake, 28% Voting rights)
* Ericsson - telecommunications (4% Stake, 19% Voting rights)
* Gambro - medical technology (Probably 100% stake)
* Husqvarna - Auto, chainsaw and sewing machine manufacturer (10% Stake, 29% voting rights)
* OMX - Nordic securities exchange (11% Stake, 11% Voting rights)
* Saab - aviation and military technology (20% Stake, 37.5% Voting rights)
* Scania - commercial vehicles (11% Stake, 19% Voting rights)
* SEB - banking (18% Stake, 18.5% Voting rights)
* WM-data - IT services (Sold in August, 2006)

In addition the present Marcus Wallenberg has been diversifying into several high tech investments including;

* Spray Networks (Swedish internet portal) - was not a success.
* 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. This is losing money due to a lack of uptake. By 2008 the Wallenbergs will have paid SKr8bn-10bn for their 40% stake.
* Investor Growth Capital (a part owned Hong Kong subsidiary) which finances start-up companies in health care and technology in the US.
* Novare - A recruitment firm.
* Grand Hotel Stockholm.

[edit] See also

[edit] Other investment companies

* Berkshire Hathaway
* Investment AB Kinnevik

[edit] Former holdings

* Saab Automobile - acquired by General Motors
* WM-Data

[edit] External links

[edit] Company websites

* Investor AB - Official website

[edit] Data

* Yahoo! - Investor AB Company Profile


http://en.wikipedia.org/wiki/Investor_AB