Husqvarna tracks best day in three years after Bosch ups stake

BOSCH

27/01/2023 09:05

** Shares in Husqvarna  HUSQb.ST  top the pan European STOXX
600 index  .STOXX  after Bosch  BOSH.NS  agreed to increase its
stake in the Swedish garden equipment and tools maker to 12%
    ** The German engineering firm said in a statement that it
intends to strengthen the battery alliance between the two
companies
    ** Husqvarna and Bosch founded a cross-brand battery
cooperation "Power for All Alliance" through the Swedish firm's
Gardena division in 2020, which was expanded in June 2022
    ** According to Husqvarna's website, its major shareholders
per June 30, 2022 were Investor (16.8%) and Lundbergforetagen
(7.6%)
    ** Shares in Husqvarna rise 14%, loosing some steam after
rising as much as 15.7%, and are set for their biggest daily
rise since March 2020
 (Reporting by Izabela Niemiec, Louise Rasmussen)
 ((Izabela.niemiec@thomsonreuters.com,
Louisebreusch.rasmussen@thomsonreuters.com))