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Investor Slashes Losses

Published onsdag 15 april 2009 kl 18.54
Investor CEO Börje Ekholm and board chairman Jacob Wallenberg at the annual meeting in March

Sweden’s giant Investor industrial holding company has reported its net loss for the first quarter this year is only two-thirds as bad as for the same period in 2008.

For the January to March period 2009, Investor reports a loss of 368 million dollars. That compares to more than one billion dollars a year ago.

Investor, which is controlled by the influential Wallenberg family, holds stakes in more than 130 companies worldwide.

Among its main holdings are the Swedish-Swiss engineering group ABB, the Anglo-Swedish drugs company Astra Zeneca, and the world leader in telecoms networks, Ericsson. (gw)

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