It is good news that the authorities investigate the actions of the Wallenbergs.
It is high time that minority shareholders, that are accustomed to reigning, were investigated for actions that may be to the detriment of all shareholders.
The actions of the Wallenbergs is aimed at positioning themselves to control the process, even to the extent that they can torpedo any deal which shareholders should have the right to entertain and decide upon.
Influential minority shareholders need to be held accountable.
Onésimo Alvarez-Moro
See article:
Sweden’s Financial Supervisory Agency is to probe whether Investor, the holding company for the Wallenberg family, and the family’s foundations, breached market rules in connection with the battle for Scania.
Investor and the foundations jointly own 30.6 per cent of the votes in Scania, a level that triggers a mandatory offer if they are acting together.
See full Article (paid subscription required).
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