AMF invests in electric vehicles

The pension company becomes third largest shareholder in Swedish electric vehicle manufacturer Cake.

Tomas Flodén, AMF | Photo: PR / AMF

Swedish pension company AMF is investing SEK 200m in domestic electric vehicle manufacturer Cake. With this investment, AMF becomes the third largest shareholder in the manufacturer, according to a company statement.

The investment also contributes to boost the unlisted portion of AMF's portfolio, a segment where the pension company wants to continue to grow, Head of Investments Tomas Flodén says in the statement.

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