DOW JONES NEWSWIRES
L.E. Lundbergforetagen AB (LUND-B.SK), the Swedish investment
and property company, said Thursday its net asset value per share
dipped 17% in the first nine months of the year, and had fallen 19%
as of Nov. 22, largely due to value declines in its listed
holdings.
MAIN FACTS:
-Net asset value per share fell to SEK248 on September 30 and to
SEK244 on Nov. 22, from SEK300 on Dec. 31 2010.
-3Q net loss was SEK3.34 billion, down from a SEK1.41 billion
profit in 3Q 2010.
-In the first nine months, the company has invested a total of
SEK2.69 billion in listed shares, including Skanska AB (SKA-B.SK),
Holmen AB (HOLM-B.SK), Industrivarden AB (INDU-A.SK), Sandvik AB
(SAND.SK) and Husqvarna AB (HUSQ-B.SK).
-In November, it bought SEK95 million worth of shares in Skanska
and SEK53 million worth in Sandvik.
-All shares in Cardo were divested at a SEK2.63 billion profit
for the parent company.
-At 1227 GMT, shares were down 0.8% at SEK186.00.
-By Jens Hansegard, Dow Jones Newswires; +46-8-5451-3095;
jens.hansegard@dowjones.com