AMWatch

Folksam boosts ownership in Volvo Cars while AP1 divests

Ownership of the traditionally Swedish carmaker is changing shape as two of the country's biggest pension funds make investment moves.

Photo: Folksam

Swedish pensions and insurance group Folksam has expanded its ownership in Volvo Cars, the Chinese-owned company with Swedish roots. Folksam says it acquired further preferred stocks in Volvo Cars for a nominal value of SEK 750 million (EUR 72 million) in late December.

The acquisition took place in conjunction with Sweden’s First AP Fund (AP1) -- one of the country's national pension buffer funds -- selling its holdings in Volvo Cars, a statement from Folksam confirms.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Why do Nordic funds have so few female portfolio managers?

Only 16 percent of fund managers in Sweden are women. The figure is 11 percent in Finland, while just 6 percent of fund managers in Denmark and Norway are female. AMWatch has talked to four Nordic women in finance in search of answers regarding this imbalance and hear about their career experiences. 

Fidelity plans to halve CO2 in investment portfolios by 2030

Fidelity International's target will initially be limited to portfolio companies' direct emissions and those that stem from energy the company buys, so-called Scope 1 and Scope 2 emissions. The manager intends to add Scope 3 emissions once it has access to better data.

Further reading

Related articles

Trial banner

Latest news

Jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch