Wallenberg Family's Investor AB Prepares for Global Downturn
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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 ($42 billion) 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. The company recently also sold a 500 million-euro ($577 million) 12-year bond to increase its financial headroom.