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Investment AB Öresund
Investment AB Öresund is a Swedish investment company controlled by Mats Qviberg and Sven Hagströmer. Larger holdings in 2018 were Fabege, Bilia, Scandi Standard and Catena Media. History The original company was founded in 1890 as ''Sjöförsäkringsaktiebolaget Öresund''. In 1956 the company was reorganised and ''AB Sjö-Öresund'' became the main company in a group of insurance companies. In 1961 these subsidiaries were sold to Skandia. Skandia paid in cash and in shares. Thus, the company became an investment company and was renamed ''Investment AB Öresund''. It was listed on the stock exchange in 1962. Under Hagströmer and Qviberg In 1993, Öresund was taken over by Sven Hagströmer and Mats Qviberg. They had started building a group of companies around Hagströmer & Qviberg. Öresund became their weapon in an assault on a number of Swedish companies, including AB Custos. Many more traditionalist Swedish businessmen were upset by the success of the two businessmen. P ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mats Qviberg
Mats Qviberg (born 1953) is a Swedish businessman. Together with his close business partner Sven Hagströmer, Qviberg is in control of a group of companies which include Hagströmer & Qviberg and Investment AB Öresund. Youth and Education Mats Qviberg was born in central Stockholm. His father worked at a factory owned by General Motors. Qviberg went to school in Bromma outside the city centre and completed his military service in Strängnäs. He graduated with a degree in business from Stockholm School of Economics. Early career Qviberg started his career with Swedish bank SEB, where he became a stockbroker in 1981. He was incredibly successful and in 1984 he joined Carnegie Investment Bank, a major player on the Swedish financial markets. Hagströmer & Qviberg In 1990, Qviberg became a partner in Hagströmer's company and it was renamed to reflect that. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
AB Custos
AB Custos is a Sweden, Swedish investment company. In 2004, it came under the control of investors Mats Qviberg and Sven Hagströmer and was merged with their investment company Investment AB Öresund, before being subsequently demerged. The largest shareholder was the chairman, Jonas Wahlström. The firm was rebooted in 2008 and has since acquired several companies, including Metro International in 2017 and Realtid.se. History The Kreuger crash of 1932 resulted in several banks experiencing serious liquidity problems. This led to a change in legislation whereby the Swedish commercial banks lost their right to acquire shares from the turn of the year 1933/1934. This prohibitive legislation also meant that previously acquired shares held by the banks had to be sold by December 31, 1937, with the exception of shares that could not be sold at a loss. The Kreuger group's large bank loans now meant that large shareholdings in the former financial empire ended up in the hands of the ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Companies Established In 1961
Finance refers to monetary resources and to the study and discipline of money, currency, assets and liabilities. As a subject of study, is a field of Business Administration wich study the planning, organizing, leading, and controlling of an organization's resources to achieve its goals. Based on the scope of financial activities in financial systems, the discipline can be divided into personal, corporate, and public finance. In these financial systems, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. Due to its wide scope, a broad range of subfields exists within finance. Asset-, money-, risk- and investment management aim to maximize value and minimize volatility. Financial analysis assesses the viability, stability, and prof ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chief Executive Officer
A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in various organizations, including public and private corporations, Nonprofit organization, nonprofit organizations, and even some government organizations (notably state-owned enterprises). The governor and CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the profitability, market share, revenue, or another financial metric. In the nonprofit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation. CEOs are also frequently assigned the role of the main manager of the organization and the highest-ranking officer in the C-suite. Origins The term "chief executi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Swedish Krona
The krona (; plural: ''kronor''; sign: kr; code: SEK) is the currency of Sweden. Both the ISO code "SEK" and currency sign "kr" are in common use for the krona; the former precedes or follows the value, the latter usually follows it but, especially in the past, it sometimes preceded the value. In English, the currency is sometimes referred to as the Swedish crown, as means " crown" in Swedish. The Swedish krona was the ninth-most traded currency in the world by value in April 2016. One krona is subdivided into 100 '' öre'' (singular; plural ''öre'' or ''ören'', where the former is always used after a cardinal number, hence "50 öre", but otherwise the latter is often preferred in contemporary speech). Coins as small as 1 öre were formerly in use, but the last coin smaller than 1 krona was discontinued in 2010. Goods can still be priced in ''öre'', but all sums are rounded to the nearest krona when paying with cash. The word ''öre'' is ultimately derived from the Latin w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alfa Laval
Alfa Laval AB is a Swedish company, founded in 1883 by Gustaf de Laval and Oscar Lamm. The company started by providing centrifuges to dairies to be used to separate cream from milk. It now deals in the production of specialised products for heavy industry. The products are used to heat, cool, separate and transport such products as oil, water, chemicals, beverages, foodstuffs, starch and pharmaceuticals. Alfa Laval is headquartered in Lund, Sweden and has subsidiary companies in over 100 countries around the world, including South Africa, Denmark, Italy, India, Japan, China, Netherlands, and the United States. As of the end of 2021, Alfa Laval had a global workforce of 18,574 employees and revenue of $4.77 billion. Company structure and end-markets Alfa Laval is a heavy industry company that focuses on the large-scale operations, such as the Marine, Energy, Food & Water industries. Alfa Laval Marine division Alfa Laval manufactures valves, pumps, heat exchangers ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investor AB
Investor AB is a Swedish investment and holding company, often considered a ''de facto'' conglomerate. One of Sweden's largest companies, Investor AB serves as the investment arm of the prominent Swedish Wallenberg family; the family's companies are involved in a variety of industries, of which the primary industries are pharmaceuticals, telecommunications and industry. Investor AB is Sweden's most valuable publicly traded company; it has major or controlling holdings in several of Sweden's other largest companies. It has numerous investments worldwide through Patricia Industries and EQT AB. History Investor AB was established in Stockholm when new Swedish legislation made it more difficult for banks to own stocks in industrial companies on a long-term basis. The shareholdings of the Wallenberg family bank, Stockholms Enskilda Bank, were transferred to Investor AB, a newly formed industrial holding company spun off from the bank, which would serve as the family's investment ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Volvo
The Volvo Group (; legally Aktiebolaget Volvo, shortened to AB Volvo, stylized as VOLVO) is a Swedish multinational manufacturing corporation headquartered in Gothenburg. While its core activity is the production, distribution and sale of trucks, buses and construction equipment, Volvo also supplies marine and industrial drive systems and financial services. In 2016, it was the world's second-largest manufacturer of heavy-duty trucks with its subsidiary Volvo Trucks. Volvo was founded in 1927. Initially involved in the automobile industry, Volvo expanded into other manufacturing sectors throughout the twentieth century. Automobile manufacturer Volvo Cars, also based in Gothenburg, was part of AB Volvo until 1999, when it was sold to the Ford Motor Company. Since 2010 Volvo Cars has been owned by the automotive company Geely Holding Group. Both AB Volvo and Volvo Cars share the Volvo logo and cooperate in running the Volvo Museum in Gothenburg, Sweden. The corporation was first ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Board Of Directors
A board of directors is a governing body that supervises the activities of a business, a nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the organization's own constitution and by-laws. These authorities may specify the number of members of the board, how they are to be chosen, and how often they are to meet. In an organization with voting members, the board is accountable to, and may be subordinate to, the organization's full membership, which usually elect the members of the board. In a stock corporation, non-executive directors are elected by the shareholders, and the board has ultimate responsibility for the management of the corporation. In nations with codetermination (such as Germany and Sweden), the workers of a corporation elect a set fraction of the board's members. The board of directors appoints the ch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Percy Barnevik
Percy Nils Barnevik HonFREng (born 13 February 1941) is a Swedish business executive, best known as CEO and later Chairman of ABB 1988–2002, and for being the centre of a giant pension dispute that shook Sweden in 2003. He is the co-founder of the non-profit organization Hand in Hand. Background Born in Simrishamn in southern Sweden, the youngest of three children, he grew up in Uddevalla, north of Gothenburg, where his parents operated a small printing company. Barnevik was educated at the University of Gothenburg's School of Business, Economics and Law and at Stanford Graduate School of Business. He has received seven Honorary degree, honorary doctorates in Sweden, Finland and the U.S., including from Linköping University (1989) and the University of Gothenburg (1991). In 1993, Barnevik received the IEEE Engineering Leadership Recognition Award. Career Barnevik started his professional career in the Swedish company Datema, but soon moved to Sandvik. In Sandviken, where bet ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
