Lannebo Kapitalförvaltnning – Press release
The merger between Lannebo Fonder AB and E. Öhman J:or Fonder AB (under name change to Lannebo Kapitalförvaltning AB) is formally completed today, September 16, 2024. The strategic merger between the two companies will consequently result in the establishment of Lannebo Kapitalförvaltning AB, which will become the largest independent fund manager in the Nordic region. This merger combines the strengths and expertise of both companies to continue to deliver value and stability to our clients.
As a direct result of the merger, approximately 30 major shareholder notifications will, as of today, be submitted to the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) and the respective companies. These notifications, which are of a technical nature, are a result of the merged companies’ holdings in the funds now being coordinated under one company. The notifications are carried out in accordance with the applicable rules and regulations, and aim to ensure full transparency and maintain market confidence. .
Regulatory requirements and the importance of major shareholder notifications
Major shareholder notifications are a key requirement under the Swedish Financial Instruments Trading Act (Sw. lagen om handel med finansiella instrument). These rules stipulate that shareholdings passing specific thresholds – 5, 10, 15, 20, 25, 30, 50, 66 2/3 and 90 % of the voting rights or number of shares in a company traded on a regulated market – must be notified and made public. The purpose of the rules is to ensure a high level of transparency on the shareholding structure of listed companies, which is essential to strengthen public and investor confidence in the market.
About the merger
This merger, which was announced in November 2023, represents a strategic move to create a stronger and more diversified player in asset management. Lannebo Kapitalförvaltning AB will become the largest independent fund manager in the Nordic region, with a strong position to meet the challenges of the future and the needs of customers with long-term quality and sustainability as guiding principles. The merger is a clear expression of the joint ambition of the two former companies to continue to deliver added value to customers and strengthen the position as a leading asset manager in the Nordic region.
For further information, please contact:
Mohammed Salih, Head of Communications, Lannebo Kapitalförvaltning AB
Mohammed.salih@lannebo.se