Financier Fredrik Lundberg, who controls the real estate and investment company Lundbergs, has sold a quarter of his private stake in the investment company Investor, after a return of over 1,000 percent.
"It has been a good investment and it was time to take home the profits," said Fredrik Lundberg in an interview with Affärsvärlden.
Lundbergs held its annual general meeting in early April, when the stock market was shaken by Trump's tariff shock. The 73-year-old financier urged attendees at the meeting to keep a cool head during the turbulence and not to sell shares in a panic. Since then, the Stockholm Stock Exchange's broad index has recovered and risen 16 percent.
"So far, it has been good advice to stay calm," Fredrik Lundberg said a month and a half later.
In April and May, Lundbergs bought shares in its portfolio companies for SEK 897 million.
The forestry and gardening products company Husqvarna has had a difficult time in recent years. The company is now replacing both its CEO and chairman. Lundbergs has purchased shares for SEK 49 million, its the first significant purchase in the gardening company in eleven years.
Fredrik Lundberg welcomes the changes in management, in a veiled criticism of Husqvarna's top duo in recent years.
"A new chairman, a new CEO, a partially new board, and a valuation that has fallen very low. There are good chances for an upturn from this level," says the financier.
Fredrik Lundberg is a billionaire and known for his very long-term investment horizon.
L E Lundbergforetagen AB (publ) is a Sweden-based investment company. The Company is engaged in the management and development of a number of companies, by means of active and long-term ownership. Its investment portfolio includes the wholly owned unlisted real estate company, Fastighets AB L E Lundberg, and the publicly traded subsidiaries, Holmen and Hufvudstaden. The Company also has major shareholdings in Handelsbanken, Husqvarna, Industrivarden, Indutrade and Sandvik, as well as held shares in Skanska. Additionally, the Company operates a wholly owned subsidiary, L E Lundberg Kapitalforvaltning AB, which is engaged in securities trading.
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