STOCKHOLM: The Swedish Wallenberg family’s holding company Investor AB, which owns stakes in about a fifth of the companies listed on the country’s benchmark large-cap index, is preparing for a potential weakening of the global economy.
The Stockholm-based company is making sure the holdings in its 372 billion-krona (US$42bil) portfolio, which includes wireless-network equipment maker Ericsson AB and appliances manufacturer Electrolux AB, are agile and flexible enough to handle a changed outlook after leading indicators started pointing to a softer demand environment.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
