|
The Öresund Group consists of the parent company, Investment AB Öresund, which is a pure investment company active in asset management, and the subsidiary, Ven Capital AB. Ven Capital is engaged in securities trading as a complement to the parent company´s investment management activities.
Investment AB Öresund traces its origins to Sjöförsäkringsaktiebolaget Öresund, a marine insurance company founded in 1890 with a share capital of SEK 300,000. In 1956 the company was restructured with AB Sjö-Öresund becoming the parent company of a group consisting of three marine insurance companies, Öresund, Agir and Stockholms Sjö. In 1961, the shares in these three companies were sold to Skandia in return for a portfolio of listed shares and cash. AB Sjö-Öresund changed its name to Investment AB Öresund.
The company was floated on the Stockholm Stock Exchange on May 10, 1962.
Öresund’s overall goal as an investment company is to run its business in such a way as to earn a healthy long-term yield for its shareholders. The strategy to achieve this goal is to:
• invest mainly in Swedish securities
• maintain a high equity ratio
• have low management costs
• have a flexible liquidity policy
|
