Investor AB upped stakes in ABB, Ericsson, Electrolux Professional in Q1

Electrolux Professional AB (publ)

22/04/2020 07:58

STOCKHOLM, April 22 (Reuters) - Sweden's Investor AB
 INVEb.ST  raised its holding in robotics firm ABB  ABBN.S ,
telecom equipment maker Ericsson  ERICb.ST  and commercial
kitchen equipment firm Electrolux Professional  EPROb.ST  during
the first quarter, it said in its quarterly earnings report on
Wednesday.
    The investment firm said it invested 1.6 billion Swedish
crowns ($158.84 million) in ABB, 1.1 billion in Ericsson and 160
million in Electrolux Professional.
    "We invested a total SEK 2.9 billion in ABB, Ericsson and
Electrolux Professional, at what we believe are attractive
levels," Investor CEO Johan Forssell said in the report. 
    ($1 = 10.0728 Swedish crowns)

 (Reporting by Johannes Hellstrom; editing by Jason Neely)
 ((johannes.hellstrom@thomsonreuters.com; +46850242388; Reuters
Messaging: johannes.hellstrom.reuters.com@reuters.net))