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    INDU A   SE0000190126

AB INDUSTRIV─RDEN (PUBL)

(INDU A)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe Europe - 12/07 03:15:39 am
277.4 SEK   +1.39%
11/23AB INDUSTRIVÄRDEN : Download Minutes
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11/01Net asset value as per October 31, 2021
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10/29New number of votes and shares outstanding
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AB Industrivńrden : Long-time stakeholder Industrivarden exits steelmaker SSAB

05/11/2021 | 01:38am EST

(Corrects to remove extra word in pararaph 5)

STOCKHOLM (Reuters) - Industrivarden late on Monday sold its stake in Swedish steelmaker SSAB for 2.02 billion crowns ($242.2 million).

The Swedish investment firm said in a statement it sold the 4.3% of capital and 11.8% of votes at 45.53 crowns per share in an accelerated book building process addressed to institutional investors.

Shares in SSAB, which is one of the top producers of heavy plate in the United States but counts Europe as its biggest market, closed at 47.88 crowns on Monday.

Industrivarden, which became a large owner in SSAB in the 90's, before selling around half of its stake in 2018, said the sale of the remaining shares was freeing up further capital for alternative investments.

SSAB's shares are up 63% year-to-date on the back of strong demand and higher steel prices.

Last month, Finnish state investment firm Solidium sold half its stake, or 6.3%, in the firm.

(This story refiles to remove extra word in pararaph five)

(Reporting by Anna Ringstrom; Editing by Kim Coghill)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AB INDUSTRIVÄRDEN (PUBL) 1.03% 276.2 Delayed Quote.-0.22%
SSAB AB 2.13% 45.91 Delayed Quote.55.43%
All news about AB INDUSTRIV─RDEN (PUBL)
11/23AB INDUSTRIVÄRDEN : Download Minutes
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11/01Net asset value as per October 31, 2021
PU
10/29New number of votes and shares outstanding
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10/26Notice of EGM
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10/26Privacy Notice General Meetings
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10/26Notification for participation and form for postal voting
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10/26Form of Proxy
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10/25AB INDUSTRIVÄRDEN : Notice of Extraordinary General Meeting on 23 November 2021
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10/22Auditor's statement as referred to in Chapter 20 ž 14 the Swedish Companies Act
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10/22Auditor's statement as referred to in Chapter 12 ž 7 the Swedish Companies Act
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Analyst Recommendations on AB INDUSTRIV─RDEN (PUBL)
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Financials
Sales 2021 7 323 M 807 M 807 M
Net income 2021 9 984 M 1 101 M 1 101 M
Net Debt 2021 6 398 M 705 M 705 M
P/E ratio 2021 11,9x
Yield 2021 2,74%
Capitalization 117 B 12 894 M 12 936 M
EV / Sales 2021 16,9x
EV / Sales 2022 28,0x
Nbr of Employees 15
Free-Float 62,3%
Chart AB INDUSTRIV─RDEN (PUBL)
Duration : Period :
AB Industrivńrden (publ) Technical Analysis Chart | INDU A | SE0000190126 | MarketScreener
Technical analysis trends AB INDUSTRIV─RDEN (PUBL)
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Last Close Price 273,60 SEK
Average target price 293,50 SEK
Spread / Average Target 7,27%
EPS Revisions
Managers and Directors
Helena Stjernholm President, Chief Executive Officer & Director
Jan Íhman Chief Financial Officer
Lars Fredrik Elis Lundberg Chairman
Karl Gunnar ┼berg Head-Investments & Analysis
Gustav Christian Caspar Independent Director
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