Första AP-fonden accepts GE’s bid for Arcam
Stockholm 13 October 2016 – Första AP-fonden (AP1) has decided to accept General Electric’s (GE) bid for Arcam. The bid expires tomorrow Friday 14 October.
– We consider GE as a solid and relevant owner, which is able to support a positive development of Arcam, says Olof Jonasson, Head of Equities at Första AP-fonden.
Through the bid, Första AP-fonden’s investment in Arcam will be very favorable. In just over a year, the investment has increased in value with more than 100 percent, corresponding to 250 MSEK.
Arcam, which was founded in 1997 and is listed on NASDAQ OMX Stockholm, is a company within 3D printing, an industry which is under strong development
Head of Communications, Första AP-fonden
+46709 681 250, firstname.lastname@example.org
Första AP-fonden is one of five AP-funds which ensures stability in the Swedish national income pension system. Trough long-term investments and the employees’ professionalism, Första AP-fonden seeks to achieve the position as a world class pension fund. The fund’s assets under management totals SEK ca 300 billion and the global portfolio consists of equities, fixed income securities and alternative investments. The Fund’s mission is to generate the highest possible return, while maintaining a low level of risk, and thus contribute to a high and predictable income pension for current and future pensioners.