Major shareholder, the real estate and investment firm Lundbergs, increased its stake in industrial group Indutrade by 1 million shares between April 28 and 29. The total purchase price amounts to 204.8 million kronor, at an average price of 204.82 kronor per share. The transaction was executed on the Stockholm Stock Exchange.
The acquisition was disclosed in the Swedish Financial Supervisory Authority's (Finansinspektionen) transparency register.
Prior to the transaction, Lundbergs held 98 million shares in Indutrade, representing 26.9 percent of the capital and voting rights, according to the ownership tracking service Holdings.
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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