{"id":743,"date":"2018-12-21T09:41:23","date_gmt":"2018-12-21T08:41:23","guid":{"rendered":"https:\/\/fnyhetsrum.stagesite.se\/en\/?p=743"},"modified":"2020-04-02T16:16:46","modified_gmt":"2020-04-02T14:16:46","slug":"the-folksam-group-invests-a-further-sek-750-million-in-volvo-cars","status":"publish","type":"post","link":"https:\/\/fnyhetsrum.stagesite.se\/en\/2018\/12\/21\/the-folksam-group-invests-a-further-sek-750-million-in-volvo-cars\/","title":{"rendered":"The Folksam Group invests a further SEK 750 million in Volvo Cars"},"content":{"rendered":"<p><strong>The Folksam Group has acquired further preferred stock in Volvo Cars to a nominal value of SEK 750 million. This acquisition took place in conjunction with F\u00f6rsta AP-fonden\u2019s (AP1) sale of their holdings. With this further acquisition, the Folksam Group has now invested a total of SEK 1,750 million in preferred stock issued by Volvo Cars. <\/strong><\/p>\n<p>\u201cThis investment provides our savings customers with a good risk-adjusted return, while at the same time offering them the opportunity to increase their ownership in a company strongly associated with Swedish industry,\u201d says Michael Kjeller, Head of Asset Management and Sustainability, Folksam Group.<\/p>\n<p>\u201cVolvo Cars is now profitable and has a clear growth plan and high ambitions with regard to issues such as electrification strategies and self-driving vehicles. We are therefore delighted to have the opportunity to increase our involvement with the company,\u201d continues Michael Kjeller.<\/p>\n<p>In the event of a public listing, the Folksam Group\u2019s preferred stock will be converted to new common stock by the issuer. The Folksam Group\u2019s investment is distributed as follows: Folksam Liv SEK 375 million, Folksam Sak SEK 75 million and KPA Pension SEK 300 million.<\/p>\n<p>Lenner &amp; Partners has advised the Folksam Group in conjunction with this transaction.<\/p>\n<p>F<strong>or further information, please contact:<\/strong><\/p>\n<p>Kajsa Mostr\u00f6m, Head of Folksam Group Media Relations on +46 (0)708 31 64 07<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Folksam Group has acquired further preferred stock in Volvo Cars to a nominal value of SEK 750 million. This acquisition took place in conjunction with F\u00f6rsta AP-fonden\u2019s (AP1) sale of their holdings. With this further acquisition, the Folksam Group has now invested a total of SEK 1,750 million in preferred stock issued by Volvo&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,31],"tags":[29,40,28,41,44],"_links":{"self":[{"href":"https:\/\/fnyhetsrum.stagesite.se\/en\/wp-json\/wp\/v2\/posts\/743"}],"collection":[{"href":"https:\/\/fnyhetsrum.stagesite.se\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fnyhetsrum.stagesite.se\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fnyhetsrum.stagesite.se\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fnyhetsrum.stagesite.se\/en\/wp-json\/wp\/v2\/comments?post=743"}],"version-history":[{"count":2,"href":"https:\/\/fnyhetsrum.stagesite.se\/en\/wp-json\/wp\/v2\/posts\/743\/revisions"}],"predecessor-version":[{"id":745,"href":"https:\/\/fnyhetsrum.stagesite.se\/en\/wp-json\/wp\/v2\/posts\/743\/revisions\/745"}],"wp:attachment":[{"href":"https:\/\/fnyhetsrum.stagesite.se\/en\/wp-json\/wp\/v2\/media?parent=743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fnyhetsrum.stagesite.se\/en\/wp-json\/wp\/v2\/categories?post=743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fnyhetsrum.stagesite.se\/en\/wp-json\/wp\/v2\/tags?post=743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}