Investor doubles up on NASDAQ OMX shares

Swedish holding company Investor has agreed to double its stake in the NASDAQ OMX Group, the company announced on Thursday.

Investor doubles up on NASDAQ OMX shares

The Wallenberg family investment company has agreed to purchase 8 million NASDAQ OMX shares in a share forward transaction with Japan-based conglomerate Nomura.

The deal was struck at a forward purchase price of $21.80 per share for a total purchase price of $175 million.

Investor currently owns around 9 million shares in NASDAQ OMX Group, corresponding to a 4.6 percent ownership stake.

After the deal, Investor’s stake in the stock exchange operator will roughly double to 9.7 percent of outstanding shares.

“We are excited about this opportunity to become a leading shareholder in NASDAQ OMX, a company with very strong market positions and a unique brand in an industry we know well,” Investor CEO Börje Ekholm said in a statement.

“We are convinced that this investment will be very attractive for our shareholders.”

In October, Investor reported its net assets had grown by 9 percent in 2010 to 152.4 billion kronor ($22.9 billion).

At the time, Ekholm indicated the firm was on the lookout for new investments saying, “We remain prepared to invest when we find the valuation attractive.”

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Sweden financier Peter Wallenberg dies in sleep

UPDATED: One of Sweden's most powerful financiers, Peter Wallenberg, has died at the age of 88, with the country's King Carl XVI Gustaf saying he had lost "a close and loyal friend".

Sweden financier Peter Wallenberg dies in sleep
Peter Wallenberg in 2014. Photo: TT
Peter Wallenberg, who was born in 1926, came from one of Sweden's most prominent families, with other relatives active in banking, politics, diplomacy and business.
His most famous relative was Raoul Wallenberg, a diplomat who saved tens of thousands of Jews from the Holocaust during World War Two and who went missing seventy years ago this weekend.
Peter Wallenberg had a long career in finance after graduating from law school. He worked in the UK, the US and Africa, before settling in Sweden and working on the board of several leading industrial companies including Electrolux and Ericsson. He also helped establish Anglo-Swedish drugmaker AstraZeneca in 1999.
Until earlier this month he had remained active in the Knut and Alice Wallenberg Foundation, a Sweden's largest private financial research organisation.
During the past five years, the foundation has granted a total of five billion kronor for various projects, mainly at Swedish universities.
"With deep regret, the Management Board of the Knut and Alice Wallenberg Foundation announce that its honorary president Peter Wallenberg died in his sleep at his home on Monday at the age of 88," said a statement from the foundation.

"Peter Wallenberg has been active on the board since 1971 and has held the presidency from 1982 until recently," it added.

Wallenberg became heavily involved in the foundation after his older brother Marc Wallenberg killed himself in 1971.
“Marc and I were very close,” he told Sweden's Sydsvenska Dagbladet newspaper back in 2006.
“I didn’t see what was coming, despite sitting talking to him two hours before he took his life. It was a big misfortune and I felt a terrible emptiness.”
Reacting to the news of Peter Wallenberg's death, Sweden's King Carl XVI Gustaf said in a written statement: "Peter Wallenberg has meant a lot to Swedish industry. He was also deeply involved in the Knut and Alice Wallenberg Foundation, which contributed to scientific development in Sweden. For the royal family, Peter was a close and loyal friend."
Sweden's Prime Minister Stefan Löfven said that he had "great respect" for the financier, who he said had played a "big role in Swedish business for decades."
Peter Wallenberg was married three times and leaves behind two sons.