Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland
Advertisement

Wallenbergs buy into Norwegian company

Share this article

11:25 CEST+02:00
Swedish aerospace and defence company Saab has bought a large shareholding in Norwegian company Aker Holding, which is the largest owner of Norwegian industrial company Aker Kvaerner.

Saab, controlled by Sweden's powerful Wallenberg family, is investing around 1.4 billion kronor in the holding company, giving it a 7.5 percent share. The Wallenberg's holding company, Investor is buying a further 2.5 percent of Aker Holding.

Aker Kvaerner provides technological and construction services to the oil and gas industry. Saab said in a statement on Friday that the deal depends on the approval of the Norwegian Parliament, likely to take place in the autumn.

Get notified about breaking news on The Local

Share this article

Advertisement

From our sponsors

'Lagom' leadership: the secret to Swedish success?

Is the Swedish approach to leadership really as special as people think? The Local asks a non-Swedish manager at telecom giant Ericsson for a frank appraisal of Swedes' so-called 'lagom' leadership style.

Advertisement
Advertisement
Jobs
Click here to start your job search
Advertisement
Advertisement

Popular articles

Advertisement
Advertisement