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Carneo wants to enter new markets – eyeing Norway and Finland

The Covid-19 pandemic put a halt to two acquisitions this year. But Carneo's CEO Christoffer Folkebo plans to spend around SEK 100bn (EUR 9.7bn) on achieving the ambition of doubling the group's assets under management, currently at SEK 253bn (EUR 24.7bn).

Christoffer Folkebo, CEO at Carneo, the largest independent asset manager in the Nordics. Photo: PR/Carneo

Last week, the Altor-owned independent asset manager Carneo announced that one of its affiliates, Carnegie Fonder, was buying another one of its affiliates, OPM. Thus, around SEK 4bn went under a different brand name, but this move didn't contribute to Carneo's ambitions of doubling its asset under management, currently at SEK 253bn (EUR 24.7bn).

The ambitious plans were temporarily halted by the Covid-19 pandemic, but remain intact, Carneo's CEO, Christoffer Folkebo, tells Swedish news site Realtid.se.

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