Investor AB supports Saab’s planned rights issue
Saab today communicated a rights issue during the fourth quarter of about SEK 6 bn. Investor AB supports the company’s intention.
“Saab is in a strong growth phase, with several major development projects in the order book. Recently the U.S. Air Force communicated its order of the T-X trainer aircraft, developed by Saab and Boeing. By strengthening its balance sheet, Saab will have the resources necessary to continue to develop these projects, invest in R&D, and create financial capacity for additional significant orders. As an engaged owner, we support our companies in sustainable value creation. Investor believes that the proposed rights issue will create long-term value for Saab”, comments Investor President and CEO Johan Forssell.
Investor AB’s ownership in Saab amounts to 30.0 percent of the capital (30.7 percent excluding repurchased shares).
For further information:
Viveka Hirdman-Ryrberg, Head of Corporate Communication and Sustainability: +46 70 550 3500
Magnus Dalhammar, Head of Investor Relations: +46 8 614 2130, +46 73 524 2130
Our press releases can be accessed at www.investorab.com
Investor, founded by the Wallenberg family a hundred years ago, is the leading owner of high quality Nordic-based international companies. Through board participation, our industrial experience, network and financial strength, we strive to make our companies best-in-class. Our holdings include, among others, ABB, Atlas Copco, Ericsson, Mölnlycke and SEB.