Novestra sells its shares in Skandia Mäklarna

Report this content

NOVESTRA SELLS ITS SHARES IN SKANDIA MÄKLARNA Today, AB Novestra has sold its 27% stake in Skandia Mäklarna Holding AB. The persons behind the acquisition are Skandia Mäklarna's management, Messr Björn Edstrand and Christian Hedborg, as well as the company's Chairman, Mr Lennart Tengroth. Through this business deal, Novestra makes a capital gain on its investment. "Skandia Mäklarna is a well-managed and profitable company, however, it does not fit into Novestra's investment focus on companies within the technology sector. The sale is part of Novestra's increased business focus and its strategy towards a lesser number of core holdings," says Thomas Åkerman, President of AB Novestra. For further information please contact Thomas Åkerman, President, AB Novestra, phone No. +46 8 545 017 50. About AB Novestra AB Novestra is one of the leading independent venture capital investment companies in the Nordic region with focus on companies providing enabling network technologies and services for the communications industry. Novestra's portfolio of companies includes B2 Bredband AB, Comintell Holding AB, Continuum Group Ltd, Iquity Systems, Inc, Multilet AB, Netsurvey AB, Qbranch AB, Recollections, Inc. and Strax Holdings, Inc. Novestra's shares are listed on the O-List of Stockholmsbörsen. For information regarding AB Novestra, please see www.novestra.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/10/05/20011005BIT00500/bit0002.doc

Documents & Links