Foundation Asset Management AB is a Swedish foundation asset management company, founded by the three largest Wallenberg foundations in order to manage the

asset In financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value of ownership that c ...

s of the foundations, by means of direct ownership as well as through management and

consultancy A consultant (from la, consultare "to deliberate") is a professional (also known as ''expert'', ''specialist'', see variations of meaning below) who provides advice and other purposeful activities in an area of specialization. Consulting servic ...

agreements. The

administration Administration may refer to: Management of organizations * Management, the act of directing people towards accomplishing a goal ** Administrative Assistant, traditionally known as a Secretary, or also known as an administrative officer, admini ...

of all the foundations and the

donation A donation is a gift for charity, humanitarian aid, or to benefit a cause. A donation may take various forms, including money, alms, services, or goods such as clothing, toys, food, or vehicles. A donation may satisfy medical needs such as ...

s of all the Wallenberg foundations is handled through a

subsidiary A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a ...

. The Wallenberg foundations is an informal collective name for the twenty different foundations founded by the members of the

Wallenberg family The Wallenberg family is a prominent Swedish family, Europe's most powerful business dynasty. Wallenbergs are noted as bankers, industrialists, politicians, bureaucrats, diplomats and military. The Wallenberg sphere's holdings employ about 60 ...

. The largest Wallenberg foundations in order of

net worth Net worth is the value of all the non-financial and financial assets owned by an individual or institution minus the value of all its outstanding liabilities. Since financial assets minus outstanding liabilities equal net financial assets, net ...

: *'' The Knut and Alice Wallenberg Foundation'', founded 1917. *'' The Marianne and Marcus Wallenberg Foundation'', founded 1963. *'' The Marcus and Amalia Wallenberg Foundation'', founded 1960.

Largest holdings at 31 December 2013

Alfa Laval Alfa Laval AB is a Swedish company, founded in 1883 by Gustaf de Laval and Oscar Lamm. The company, which started in providing centrifugal separation solutions for dairy (see Separator (milk)), now deals in the production of specialised produ ...

– heat exchanger company (6.0% stake, 6.0% voting rights) *

Bergvik Skog Bergvik is a locality situated in Söderhamn Municipality, Gävleborg County, Sweden Sweden, formally the Kingdom of Sweden,The United Nations Group of Experts on Geographical Names states that the country's formal name is the Kingdom o ...

– forest company (12.5% stake, 12.5% voting rights) *

Höganäs Höganäs () (old da, Højenæs) is a locality and the seat of Höganäs Municipality, Scania County, Sweden with 14,107 inhabitants in 2010. Höganäs is nationally known for its ceramics industry, Höganäs Keramik. Höganäs Keramik is par ...

– metal powders company (50.0% stake, 50.0% voting rights) *

Investor An investor is a person who allocates financial capital with the expectation of a future return (profit) or to gain an advantage (interest). Through this allocated capital most of the time the investor purchases some species of property. Type ...

– investment company (23.3% stake, 50.0% voting rights) * Saab –

aviation Aviation includes the activities surrounding mechanical flight and the aircraft industry. ''Aircraft'' includes airplane, fixed-wing and helicopter, rotary-wing types, morphable wings, wing-less lifting bodies, as well as aerostat, lighter- ...

and military technology (8.7% stake, 7.7% voting rights) * SAS – airline and hotel company (7.6% stake, 7.6% voting rights) * SEB – banking (1.5% stake, 0.8% voting rights) * SKF – bearing company (12.9% stake, 29.5% voting rights) * Stora Enso – pulp and paper manufacturer (10.2% stake, 27.2% voting rights)

References

External links

Official site
Companies related to the Wallenberg family Foundations based in Sweden {{Sweden-org-stub