The rescue operation in Stegra not only saved the struggling billion-krona project. It also gave Wallenberg and the new financiers a firm grip on the company—and priority access to future dividends. At the same time, former owners have seen their holdings effectively wiped out.
Following the €1.4 billion funding round, Stegra’s ownership structure has been reorganized. The new funding has been placed in a new holding company that controls over 90 percent of the votes and shares. Previous investments, including Harald Mix The companies Vargas and Kinnevik have thus seen their ownership diluted to less than 10 percent, reports Industry Today.
This article is part of our exclusive premium content
- For Frihetsnytt subscribers only.
At Frihetsnytt, we rely entirely on you, our readers. Without government subsidies, without major advertisers, and without political agendas, we can uncover the facts, hold those in power accountable, and tell the truth—just as it is. Join our community today and get immediate access to all locked articles, exclusive interviews, podcasts, and events.
Try it for 14 days completely free—no commitment. After that, starting at just 69 SEK/month (billed annually).
Together, we’re building Sweden’s strongest independent media company. Welcome!
