The plug went out of Handelsbanken (market price) on the Stockholm Stock Exchange this week after Handelsbanken’s report flop.
“Of course we are not satisfied,” said the big bank’s new CEO Michael Green.
On the stock exchange, Handelsbanken’s share closed down by a full 12 percent on the reporting day.
Then cut Fredrik Lundberg to and bought one million shares in the bank for just over SEK 98 each, a deal worth a total of just over SEK 98 million, says Dagens Industri with reference to the Financial Supervisory Authority’s transparency register.
Lundberg replenished his private portfolio and bought the shares through Lunden Kapitalförvaltning.
Fredrik Lundberg is vice chairman of Handelsbanken’s board and Industrivärden, which he controls, is the bank’s largest shareholder.
Privately, Fredrik Lundberg reportedly owns 23.3 million shares in the bank, while Industrivärden sits on 11.5 percent of the shareholding in the major bank.
On Thursday morning, the SHB share rose by 1.51 percent (9am).
After the disappointing report, the CEO also bought Michael Green and the bank’s finance manager Carl Cederschiöld shares in SHB, according to Di.se.
