Cevian reduces its stake in Thyssenkrupp to less than 1 %
Swedish financial investor Cevian cut its stake in Thyssenkrupp to less than 1%, said the investor in a press release.
Swedish financial investor Cevian cut its stake in Thyssenkrupp to less than 1%, said the investor in a press release.
Cevian Capital, an activist hedge fund and the second largest shareholder of ABB, continues to push for a split of the engineering giant, according to Swedish media.
Cevian Capital, one of ABB’s three largest shareholders with 5.1% of total ABB Ltd share capital, is looking to significantly increase its share in the Swiss-Swedish industrial giant.
Switzerland, Zurich: Cevian Capital II GP Limited, an international investment company, has further increased its stake in ABB, having purchased more shares on 22 June, according to its disclosure notice.