Öresund Investment

Corporate Details

ISIN(s):

SE0008321608

LEI:

549300ZNNKE1UFGNNE47

Country:

Sweden

Address:

Box 7621, 103 94 Stockholm

Website:

https://www.oresund.se/in-english/

Sector:

Financials

Industry:

Capital Markets

Description

The Öresund Group consists of the parent company, Investment AB Öresund, which solely is an investment company active in asset management, and the wholly owned dormant subsidiary Eigenrac Holding AB. Investment AB Öresund traces its origins to Sjöförsäkringsaktiebolaget Öresund, a marine insurance company founded in 1890 with a share capital of SEK 300,000. In 1956 the company was restructured with AB Sjö-Öresund becoming the parent company of a group consisting of three marine insurance companies, Öresund, Agir and Stockholms Sjö. In 1961, the shares in these three companies were sold to Skandia in return for a portfolio of listed shares and cash. AB Sjö-Öresund later changed to its current name, Investment AB Öresund. Its strategy is to make long-term investments in a limited number of companies. The company's portfolio includes such listed companies as Bilia, Fabege, SEB, ABB, TeliaSonera, Volvo, Svolder, and Byggmax, as well as such unlisted entities as Carnegie and Acne.