AMWatch

Activist investor strengthens ownership position at Nordea

Christer Gardell's firm Cevian increases its holdings in the Nordic bank and is closing in on Blackrock's position as the second largest shareholder. With SEK 12bn (EUR 1.18bn) coming in from a recent sale, Cevian will have "great opportunities for new investments," according to Gardell.

Swedish activist investor Cevian Capital is further strengthening its position as a major shareholder in Nordic banking giant Nordea.

Over the last few months, the firm has bought Nordea shares worth SEK 1bn (EUR 98.8m) and Managing Partner and Co-founder Christer Gardell says the bank’s stock is "very undervalued", Dagens Industri writes.

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