SAAB shares shot up on the Stockholm Stock exchange
Thursday, 19 December 2013
Military equipment manufacturer Saab saw its shares rose in Stockholm
Stock Exchange after yesterday’s announcement that Brazil will buy 36
Gripen aircraft.
Shortly after the stock market opening on Thursday, the shares rose 25
percent, which means an increase in value of nearly Skr4 billion from
Wednesday’s closing price.
According to Brazil’s defense ministry, Gripen order is worth Skr29 billion though not yet finalised.
Principal owner of Saab, and the biggest winner, the Wallenberg family
through foundations are around smiling. Investor and the Wallenberg
foundations own together 39 percent of the company writes the Swedish
business daily Dagens Industri.
Third largest shareholder is AFA insurance and fourth in Swebanks mutual fund company Robur.
By Scancomark.com Team
