I have owned the shares since the group was established in 1994, at which time I financed my entire investment through borrowed funds. Each year since I have increased the amount borrowed in order to cover payments of interest and wealth tax. My reason for selling this smaller part of my holdings is solely to achieve a more equitable balance between my continuous earnings and costs. This sale also enables me to achieve a more reasonable risk allocation as regards my total holdings.
The timing of the sale has been chosen solely with regard to the restriction in the insider rules and the recently rendered interim report.
President & CEO
For further information, please contact
Carl-Henric Svanberg, President & CEO, tel: +46-8-510 0551
The ASSA ABLOY Group is the world's leading manufacturer and supplier of locks and associated products,
dedicated to satisfying end-user needs for security, safety and convenience. Current sales for the Group are in excess of
18 billion SEK (approximately 2 billion USD) and the number of employees is approximately 20,000.
ASSA ABLOY is the global leader in door opening solutions and offers mecahnical and electromechanical locks, digital door locks, security doors, entrance automation, hotel security and secure identity solutions, primarily in identity and access management, as well as a number of other related products and services.
Since its formation in 1994, ASSA ABLOY has grown from a regional company into an international Group with some 47,500 employees operating in more than 70 countries and sales of SEK 76 billion.