Swedish funds close Ericsson shareholder deal

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SWEDEN - Fourteen Swedish institutions, all shareholders in Telfonaktiebolaget LM Ericsson (Ericsson), have purchased so-called "conversion rights" in the company for SEK40m giving them the opportunity to increase their voting power.

The pension funds and companies, which include the first four Swedish buffer funds – Första AP-fonden, Andra AP-fonden, Tredje AP-fonden and Fjärde AP-fonden – have acquired 36,363,982 conversion r...

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