Cevian köper ericsson

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  • Cevian säljer ericsson
  • Cevian ericsson

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    Yahoo Finance

    (Fixes typo in paragraph 9)

    By Johannes Hellstrom

    STOCKHOLM, May 30(Reuters) - Activist investor Cevian Capital has bought a more than 5 percent stake in Sweden's Ericsson and said it sees significant potential in the struggling mobile telecom equipment maker.

    Ericsson shares have fallen close to 40 percent in the past two years as the firm has been hit by a drop in spending by telecoms firms - with demand for next-generation 5G technology still years away - and weak emerging markets.

    The firm, which reported an operating loss of billion crowns ($ billion) in the first quarter, also faces mounting competition from China's Huawei and Finland's Nokia .

    Borje Ekholm, a Swedish business insider and veteran board member, took over as Ericsson's CEO last October after a series of weak years.

    "We see a significant potential in the company," Cevian managing partner Christer Gardell told Reuters.

    "It’s about hard work ahead. We support the main thrust of the plan that Borje has presented for the company, meaning an increased focus on the core business."

    Ekholm wants to focus the business on lucrative core networks while restoring profitability in its IT & Cloud uni

  • cevian köper ericsson

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    Bekräftat: Gardells Cevian köper storpost i Ericsson

    Sedan finansmannen Christer Gardell och Ericssons ordförande Leif Johansson syntes på ett hemligt möte i Stockholm har det spekulerats i att hans aktivistfond Cevian Capital är på väg in i det problemtyngda svenska teknikbolaget. 

    Nu bekräftas att det har skett, berättar Dagens Industri. Enligt dokument lämnade till den amerikanska motsvarigheten till Finansinspektionen har Cevian köpt på sig ,76 miljoner B-aktier i Ericsson, motsvarande drygt 5 procent av kapitalet i Ericsson. 

    ”Fonden har därmed på kort tid seglat upp som näst största ägare i Ericsson, tätt efter Investor som äger 5,9 procent av kapitalet och 21,8 procent av rösterna”, skriver Dagens Industri. 

    Christer Gardell tar nu plats i Ericssons valberedning. Han tror att bolagets aktiekurs kommer att stiga med över 30 procent. Vilken väg Christer Gardell kommer att verka för i sin strävan i att få avkastning på sin investering – som enligt DI uppgår till över 10 miljarder kronor – återstår att se. 

    "Vi går in i Ericsson för att förbättra bolaget och öka konkurrenskraften och därmed också höja bolagets värde", säger Christer Gardell, partner i Cevian,

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    Yahoo Finance

    STOCKHOLM (Reuters) - Activist investor Cevian Capital has cut its holding in Ericsson <> to % of the telecom utrustning maker's share capital in order to adjust the relative weights of its portfolio and to free up capital for new investments, Cevian co-founder Christer Gardell said on Wednesday.

    A filing with the U.S. Securities and Exchange kommission, published late on Tuesday, showed Cevian now holds million B-shares and , A-shares in Ericsson.

    "Ericsson fryst vatten still one of Cevian's largest positions," Gardell told Reuters.

    "Our confidence in Ericsson remains strong as before and we continue to see a significant value potential in the company."

    Cevian, one of Ericsson's biggest owners, held a % stake in Ericsson at the end of July, according to an earlier filing, meaning it has cut its holding bygd some 33 million B-shares since then.

    (Reporting by Johannes Hellstrom; Editing by Simon Johnson and Louise Heavens)