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Sweden makes exemptions for buffer funds to hold larger stakes

The Swedish Finance Ministry has made a proposal to allow the four state pension buffer funds to hold up to 15 percent of a portfolio company for the next few years. Today, the limit is 10 percent.

Photo: AP1/PR

The big four buffer funds behind Sweden's state pension are to be given permission to hold larger stakes than usual in the companies they invest in for the next few years, reports investors' newssite Ipe.com quoting a proposal from the Swedish Finance Ministry.

The individual AP funds may temporarily hold up to 15 percent in a listed company. Up till now, the limit has been 10 percent. The condition for raising the limit is that the excess equity should be acquired via a new share issue.

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