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The Swedish National Debt Office has at 3.02 p.m. taken over the shares posted as collateral for the loan Carnegie received today. This support loan replaced the loan the Riksbank earlier has given to Carnegie. This means that the Debt Office now controls Carnegie Investment Bank AB and Max Matthiessen Holding AB. These were previously subsidiaries of D. Carnegie & Co AB - a company quoted on the Stockholm stock exchange - and directly or indirectly responsible for all the business operations in the Carnegie group.
The decision has been taken in order to protect the financial stability and to preserve the value of the collateral. As stated in a press release from the Swedish Financial Supervisory Authority, the bank and securities market licences of Carnegie Investment Bank AB were revoked. Considering that the Debt Office now owns the shares, the Financial Supervisory Authority has decided to return the licences to the bank. If the Debt Office had not taken ownership, the bank's business operations would have had to be wound up. This would have led to a rapid fall in the value of the collateral.
The Debt Office's intention is to be a responsible owner of Carnegie, but we do not have the ambition to remain as owner for an extended period of time. The intention is to sell the companies involved on commercial terms to buyers that obtain the Financial Supervisory Authority's approval.
At an extra shareholder meeting the Debt Office will appoint a new board for Carnegie Investment Bank AB. Peter Norman, CEO of the Seventh AP fund, will be the new chairman of the board.
For additional information: Bo Lundgren, Director General, +46 8 613 46 51 Daniel Barr, Head of the Bank Support Department, +46 8 613 46 94
A press conference with Mats Odell, Bo Lundgren and Peter Norman will be held at Rosenbad, room Bella Venezia, at 4.15 p.m.
This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
