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We have made a long-term investment in German Thyssen Krupp AG.
Large owners and funds increase their holdings.
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Cevian increases in Thyssen Krupp AG
It reports Bloomberg's News with reference to a statement from the company.
Cevian now owns 18 percent of the shares in the German company. The ownership share was 15 percent at the end of November, according to previous media reports.
Cevian recently sold its holding in Volvo to Chinese Geely, then announced that the profit was close to SEK 20 billion. Christer Gardell indicated that the fund invested in a new holding and that the ownership position of some other companies might be increased.
This weekend, Lars Förberg, one of the founders of Cevian, Thyssen Krupp, criticized. An article in Frankfurter Allgemeine Zeitung said that "something has to be changed in the company's structure" as it does not reach its marginal goals. He also addressed criticism of CEO Heinrich Hiesinger.http://etoro.tw/2hLcE8s
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