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Industrivarden AB Sells Its Shareholding in Indutrade AB


Friday, 30 Aug 2013 05:20am EDT 

Industrivarden AB announced that it has sold most of its shareholding in Indutrade AB, as a step in its new investment in ICA Gruppen AB, and is therefore no longer an active owner. In all, the divestments in 2013 have totaled 14.2 million shares for slightly more than SEK 3.1 billion at an average selling price of SEK 222 a share. Industrivarden's remaining holding in Indutrade amounts to 481,122 shares, corresponding to 1.2% of the capital and votes, with a market value of SEK100 million. 

Company Quote

136.5
1.1 +0.81%
11:29am EDT