FAM AB Explained and Its Place in the Wallenberg Ecosystem

FAM AB is a key player in the Wallenberg ecosystem, but what exactly does it do? FAM AB is a holding company that focuses on investments in the Nordic region.

The company's history dates back to 1998, when it was established by the Wallenberg family. It has since grown into a significant player in the region's business landscape.

FAM AB's primary goal is to create value through strategic investments in various sectors, including technology, life science, and industry. The company's expertise lies in identifying and nurturing promising businesses.

FAM AB's portfolio includes a diverse range of companies, from startups to established players, all of which share a common goal of innovation and growth.

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FAM AB is owned by Wallenberg Investments AB, a company that is fully owned by the three largest Wallenberg foundations.

The Wallenberg Foundations are made up of the Knut and Alice Wallenberg Foundation, founded in 1917, the Marianne and Marcus Wallenberg Foundation, founded in 1963, and the Marcus and Amalia Wallenberg Foundation, founded in 1960.

The Wallenberg Foundations benefit from all dividends earned by Wallenberg Investments AB, with 80% being funneled into grants and 20% being reinvested.

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FAM AB is owned by Wallenberg Investments AB, a company that is fully owned by the three largest Wallenberg foundations. These foundations are the Knut and Alice Wallenberg Foundation, founded in 1917, the Marianne and Marcus Wallenberg Foundation, founded in 1963, and the Marcus and Amalia Wallenberg Foundation, founded in 1960.

The Wallenberg Foundations benefit from all dividends earned by Wallenberg Investments AB, with 80% being funneled into grants and 20% being reinvested. This structure allows the foundations to support various initiatives while also growing their investments.

Here are the three Wallenberg Foundations that own FAM AB:

The Wallenbergs, through FAM AB, were major shareholders of Swedish flag carrier SAS since 1946, controlling a stake of 7.5% of the company. Their stake in SAS ended as part of the airline's restructuring after the COVID-19 pandemic.

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Stora Enso's Swedish Forest Assets Review is an ongoing process that aims to increase focus and unlock values. FAM supports the strategic review announced by Stora Enso.

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Stora Enso is assessing a potential separation of its Swedish forest assets into a new company. This new company would be publicly listed and wholly owned by all Stora Enso shareholders.

A potential separation and public listing of the Swedish forest assets would create two leading companies. One would be a global renewable packaging company, and the other would be Europe's largest listed pure forest company.

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FAM AB is a key player in the Wallenberg family's activities, alongside the Wallenberg Foundations, Investor AB, and their associated holdings.

The Wallenberg Foundations have a significant presence in Sweden, distributing over SEK 2.8 billion annually to research and education.

The family's activities are centered around being active owners in companies with ownership interests held by the Wallenberg Foundations through Investor AB and FAM AB.

The Wallenberg family's long-term work with international corporations has led to significant successes, enabling the Foundations to make substantial annual donations.

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Some of the notable holdings owned directly or indirectly through the Foundations, Investor AB, and FAM AB include ABB, AstraZeneca, and Electrolux.

The family's involvement with SEB, founded by André Oscar Wallenberg in 1856, continues to play a central role in their activities.

The Wallenberg Foundations' holdings also include Atlas Copco, Epiroc, and SKF, among others.

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Anna Borg, the CEO of Vattenfall, has been elected as a new board member of FAM AB. She brings a wealth of experience from various management positions within Vattenfall.

Anna has also held roles such as CFO and Vice President Marketing and Sales Nordic, and has experience from Klarna. This diverse background will undoubtedly be an asset to FAM's board work.

Anna's strong interest in company transformation journeys and sustainability is a significant factor in her election. She will be a valuable addition to the board, bringing a unique perspective on these topics.

Anna's breadth and depth in energy and sustainability, as well as fintech and leadership issues, make her a highly qualified candidate. Her experience, competence, and personality will complement the existing board members.

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FAM AB has been actively expanding its portfolio through strategic acquisitions. They acquired the Grand Group, which includes the Grand Hôtel real estate property, and Vectura, a subsidiary of Patricia Industries.

FAM AB has also acquired shares in Munters Group AB, owning 21.1% of the shares after the transaction. This move is expected to benefit both companies in the long term.

The Grand Group consists of Scandinavia's leading hotels, including The Grand Hôtel, The Lydmar Hotel, and The Sparrow Hotel, all located in central Stockholm.

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FAM AB has acquired the Grand Group, a collection of high-end hotels in central Stockholm.

The Grand Group consists of Scandinavia's leading hotels, including The Grand Hôtel, The Lydmar Hotel, and The Sparrow Hotel.

The Grand Hôtel has been home to many famous guests and is known for its beautiful surroundings.

The acquisition includes the Grand Hôtel real estate property, which is owned by Vectura, a subsidiary of Patricia Industries.

Vectura is a part of Patricia Industries, which is itself a part of Investor AB.

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Munters Group AB has been acquired by FAM AB, a significant move in the world of business. FAM AB acquired 12,850,000 shares in Munters Group AB, which corresponds to 7% of the shares outstanding.

This acquisition was made through an accelerated bookbuilding process, a common method used in the financial world. FAM AB now owns 21.1% of the shares in Munters Group AB.

Lars Wedenborn, CEO of FAM AB, sees Munters Group AB as an attractive company with good underlying growth and strong market positions. He's looking forward to working with the board of directors, management, and employees to develop Munters Group AB for the long-term.

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