Cevian Capital makes “minor” reduction in Ericsson stake

STOCKHOLM: Activist fund firm Cevian Capital, Ericsson’s largest owner, has made “a minor adjustment” in its holding in the mobile telecom equipment maker, selling 22 million B-shares in recent months, Cevian Managing Partner Christer Gardell said on Thursday.

“It has nothing to do with our view of the potential of the Ericsson stock,” Gardell said in a text message to Reuters.

“We continue to be Ericsson’s largest owner with around 25 billion crowns invested in the company.”