Share Issue/Capital Change • Oct 23, 2018
Share Issue/Capital Change
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Stockholm, October 23, 2018
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).
Viveka Hirdman-Ryrberg, Head of Corporate Communication and Sustainability, Phone +46 70 550 3500
Magnus Dalhammar, Head of Investor Relations, Phone +46 8 614 2130, +46 735 24 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.
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