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Wallenberg Investments AB manages and develops the Wallenberg Foundations' assets. The Wallenberg Foundations' largest assets are the public investment company Investor AB and the private holding company FAM AB. Wallenberg Investments AB's responsibilities include asset management and corporate governance, both in the short and long term

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Wallenberg Investments comments on SAS decision to enter into a legal process for financial restructuring, via Chapter 11

We note the announcement made today by the SAS Board of directors and Management team to initiate a controlled restructuring according to American law, also known as a ”Chapter 11” process. For decades, SAS have been burdened with costs too high compared to its competitors, something which the Company has attempted to address.After the pandemic, which affected the aviation market both in terms of volumes and distribution between business and leisure travel, the effort to reach a lower debt burden, competitive cost structure and flexibility in the Company’s operations has been intensified

New Board of Directors of Wallenberg Investments AB

New board of directors of Wallenberg Investments AB consisting of Marcus Wallenberg (Chair), Jacob Wallenberg (vice Chair), Sara Mazur and Jacob de Geer.Wallenberg Investments AB manages and develops the assets of the Wallenberg Foundations. The assets of the Wallenberg Foundations are managed through engaged ownership, a tradition that has existed with the Wallenberg family since the founding of Stockholms Enskilda Bank in 1856.“We are very pleased to announce that we now have a new composition of Wallenberg Investments AB’s board of directors in place. I would like to extend special

David Sonnek to lead new investment business within Wallenberg Investments AB that will focus on early-stage technology companies

Within Wallenberg Investments AB, a new investment business will be established with a focus on early-stage companies. The new company will concentrate on investing in young Swedish companies based on new technology and science in areas such as software, AI, quantum technology, synthetic biology and data-driven life science where the Wallenberg Foundations have an extensive network and access to deep knowledge.David Sonnek will be responsible for developing the business and establishing the investment strategy and teams with the goal of creating a portfolio of future companies over time.

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