Folksam and KPA Pension Reinvest SEK 2 Billion in Volvo Cars
Folksam and KPA Pension, members of the Folksam Group, are reinvesting SEK 2 billion in preferred stock in Volvo Car AB in conjunction with the redemption of existing preferred stock.
“This investment provides our customers with a good risk-adjusted return and continued involvement in a successful company with strong links to Swedish industry. Volvo remains at the cutting edge, not least in terms of electrification and self-driving vehicles,” says Michael Kjeller, head of asset management and sustainability at the Folksam Group.
The Folksam Group’s investment is distributed as follows: Folksam Liv SEK 1,000 million, Folksam Sak SEK 200 million and KPA Pension SEK 800 million.
Lenner & Partners has advised the Folksam Group in conjunction with this transaction.
For further information, please contact:
Christina Sjölund, investor relations, the Folksam Group, +46 8 772 67 39
Michael Kjeller, head of asset management and sustainability, the Folksam Group. +46 708 31 53 21