Latour slips as report focuses on premium/NAV

L E Lundbergforetagen AB (publ)

09/08/2021 14:52

** Swedish investment firm Latour's shares  LATOb.ST  down
more than 5% and among worst performers on STOXX 600  .STOXX 
index
    ** An analysis https://bit.ly/37rlqPK by Dagens Industri
(DI) business daily published on Sunday could have added to
Latour stock underperformance - Herman Wartoft from Pareto
Securities
    ** The DI report on "hot" Swedish holding companies pointed
to premium of investment companies Latour, Kinnevik  KINVb.ST ,
Bure  BURE.ST , Lundbergs  LUNDb.ST  and Industrivärden
 INDUa.ST  being as much as 37% when compared to net asset value
(NAV)
    ** "It is a heavy backpack to carry" - DI report
    ** Increased attention to Latour's record high premium to
NAV will have impact on stock with thin free float shift inflows
- DNB analyst
    ** Company's shares on track for worst day since December
2020, when it fell 12.7%; peers Kinnevik, Bure, Lundbergs and
Industrivärden down between 1% and 7%
    ** Latour did not immediately respond to Reuters request for
comment

 (Reporting by Marta Frackowiak, Izabela Niemiec)
 ((marta.frackowiak@thomsonreuters.com))