Real estate and investment company Lundbergs' CEO and principal owner Fredrik Lundberg has once again dismissed the idea of a merger with investment firm Industrivärden, where Lundbergs holds a major stake.

"It's not something we've discussed or that is relevant at all," Lundberg said in an interview with Dagens industri.

Lundbergs has taken advantage of the opportunity to convert high-voting A shares into lower-voting C shares, allowing the company to increase its holding in Industrivärden without triggering a mandatory bid.

Looking beyond individual holdings to the broader economy, Fredrik Lundberg also sees reasons for optimism.

"I see an economic upturn ahead next year, and I also think that, in general, the stock market is not overvalued but reasonably valued. So I believe we have decent chances for a good stock market performance even in 2026," Lundberg stated.

When asked about his thoughts on artificial intelligence and whether he considers it a bubble, Lundberg responded:

"I don't have an opinion on that. I just note that AI technology is here to stay, I believe. And it will be of great benefit to many companies. How to value it in terms of these AI companies on the stock market is another question."