AP6 Long on Phone Chargers

Tomas Billing, CEO of Nordstjernan

Tomas Billing, CEO of Nordstjernan

According to recent filings, the Sixth Swedish National Pension Fund (AP6) intends to engage with long-term focused private equity investor Nordstjernan AB to take a 45% stake in Salcomp Oy, a manufacturer of chargers for mobile phones, tablets and other types of mobile devices. Nordstjernan will remain the majority shareholder with 55%.

The transaction is subject to approval by the European Commission, who will verify that the merger doesn’t “significantly impede effective competition in the EU,” according to its website.

Salcomp was purchased by EQT, a Swedish private equity firm, in 1999 from Nokia. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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