Foreign investors thrive on the Stockholm exchange: report
The Stockholm stock exchange has retained its allure among foreign investors who now own 35 percent of its total value, new figures published on Friday.
Stock market heavyweights such as Scania, Assa Abloy and Electrolux are among the popular choices for foreign investors looking to boost their portfolios in Sweden, according to the Svenska Dagbladet (SvD) newspaper.
Strong gains in these company as well as tobacco products firm Swedish Match and Lundin Petroleum, have meant that the the share of the exchange owned by foreign investors has increased from 34.8 percent at the end of 2008 to a current 35.3 percent, according to the figures from SIS Ownership Data Corp (SIS), a company which tracks data about companies listed on the Stockholm exchange.
With 75 percent of its stock in the hands of foreign investors, truck maker Scania is the major company with the highest level of overseas ownership.
German firm Volkswagen, with its 30 percent stake in Scania, is thus second only to Finnish insurance giant Sampo in the table of major foreign investors on the Stockholm exchange.
Sampo's holdings in Stockholm are based on its 18 percent stake in Scandinavian bank Nordea and amounts to a total value of 46.5 billion kronor ($6.3 billion).
The third largest foreign owner on the Stockholm exchange is the Finnish state with total investments worth 26 billion kronor.
The Stockholm stock exchange was acquired by NASDAQ for in February 2008 and has a market capitalization of around 2,500 billion kronor.
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Stock market heavyweights such as Scania, Assa Abloy and Electrolux are among the popular choices for foreign investors looking to boost their portfolios in Sweden, according to the Svenska Dagbladet (SvD) newspaper.
Strong gains in these company as well as tobacco products firm Swedish Match and Lundin Petroleum, have meant that the the share of the exchange owned by foreign investors has increased from 34.8 percent at the end of 2008 to a current 35.3 percent, according to the figures from SIS Ownership Data Corp (SIS), a company which tracks data about companies listed on the Stockholm exchange.
With 75 percent of its stock in the hands of foreign investors, truck maker Scania is the major company with the highest level of overseas ownership.
German firm Volkswagen, with its 30 percent stake in Scania, is thus second only to Finnish insurance giant Sampo in the table of major foreign investors on the Stockholm exchange.
Sampo's holdings in Stockholm are based on its 18 percent stake in Scandinavian bank Nordea and amounts to a total value of 46.5 billion kronor ($6.3 billion).
The third largest foreign owner on the Stockholm exchange is the Finnish state with total investments worth 26 billion kronor.
The Stockholm stock exchange was acquired by NASDAQ for in February 2008 and has a market capitalization of around 2,500 billion kronor.
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