Investment AB Öresund is a Swedish investment company controlled by Mats Qviberg and Sven Hagströmer.
The original company was founded in 1890
as Sjöförsäkringsaktiebolaget Öresund
. In 1956
the company was reorganised and AB Sjö-Öresund
became the main company in a group of insurance companies
. In 1961
these subsidiaries were sold to Skandia
. Skandia paid in cash and in shares. Thus, the company became an investment company and was renamed Investment AB Öresund
. It was listed on the stock exchange
Under Hagströmer and Qviberg
, Öresund was taken over by Sven Hagströmer and Mats Qviberg. They had started building a group of companies around Hagströmer & Qviberg
. Öresund became their weapon in an assault on a number of Swedish companies, including AB Custos
. Many more traditionalist Swedish businessmen were upset by the success of the two businessmen. Percy Barnevik
served on the board of directors
of Custos at the time when Öresund started acquiring shares and he was bitterly upset with their actions.
Öresund's largest holdings are real estate
(previously known as Wihlborgs
, 16 % of Öresund's portfolio), Nobia
and major Volvo
(both 10 %). Other large holdings include shares of Investor AB
(5 %), Alfa Laval
(3 %) and of course Hagströmer & Qviberg
In total the company controls almost 8 billion krona worth of stock.
Organisation and Ownership
Sven Hagströmer is the Chairman
and largest shareholder with 18 % of the shares. Meanwhile, Qviberg serves as Chief Executive Officer
and owns 13 % of Öresund.
Despite its name, alluding to the Öresund Region, the company is based in Stockholm.