Wallenberg's New WallsJonathan Kapstein
At noon sharp on Feb. 25, the Saab-Scania board meeting began in the conference room in Stockholm's elegant Grand Hotel. Barely an hour later, the company's chief executive was out, and Sweden's mighty Wallenberg group weighed in with the largest leveraged buyout in Swedish history: a $2.3 billion plan to acquire the blue-chip automotive and aerospace group.
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