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

Latest posts in social media

Twitter

Folksams bloggar

2018-05-28

Var:  Haymarket, Stockholm När:  15 maj 2018 Hur många:  Cirka 50 personer Vad beslutades:  Vanliga stämmofrågor. Flera nya ledamöter vald...

2019-10-17

Om du bedriver forskning med fokus på barns hälsa, hälsofrämjande forskning inom vägtransportområdet och idrottsskador så har du chans att s...

Follow us on