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Hans Wallenstam Foto: Elias Ljungberg.
  • No more share buy-backs for Wallenstam

    PUBLICERAD 2018-12-16 AV sverrirthor
    UPPDATERAD: 2018-12-16 21:09

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    Wallenstam will cease to buy back shares and instead invest the funds in development of residential properties and exisiting commercial spaces. The company hopes to increase its net asset value by 40 SEK, or 50 per cent, until 2023. On Friday, Wallenstam presented its business plan for the coming five years.

    Wallenstam commenced share buy-backs in 2000 and has since then bought back shares for billions. Share buy-backs and cancellation of the shares is a method of benefitting the shareholders as their s share in the company increases.

    Wallenstam estimates to invest roughly 20 billion SEK in the period 2019-2023.

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