Investor supports Atlas Copco’s proposal to split the Group
As announced today, Atlas Copco proposes to separate its Mining and parts of its Construction business into a new company to be distributed to Atlas Copco’s shareholders. As the main owner of Atlas Copco, Investor fully supports this proposal.
“Atlas Copco has delivered strong performance over many years driven by its technology leadership, strong customer focus and a successful, decentralized business model. As a long-term strategic owner of Atlas Copco, we believe that the intended split is a natural and logical next step, creating two focused, market-leading companies with strong platforms for continued profitable growth and long-term value creation for their shareholders. Upon completion of the split, expected in 2018, both companies will be listed core investments within Investor”, comments Johan Forssell, President and CEO of Investor.
Investor is Atlas Copco’s largest owner, holding 16.9 percent of the capital and 22.3 percent of the votes.
For further information:
Stefan Stern, Head of Corporate Relations, Sustainability and Communications, Phone 46 8 614 2058, 46 70 636 7417
Magnus Dalhammar, Head of Investor Relations, Phone 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, Atlas Copco, SEB, ABB, Ericsson and Mölnlycke Health Care.