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Investor AB Upped Stakes In ABB, Ericsson, Electrolux Professional In First Quarter

The investment firm said it invested 1.6 billion Swedish crowns ($158.84 million) in ABB, 1.1 billion in Ericsson and 160 million in Electrolux Professional.

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Sweden's Investor AB raised its holding in robotics firm ABB, telecom equipment maker Ericsson and commercial kitchen equipment firm Electrolux Professional during the first quarter, it said in its quarterly earnings report on Wednesday.

The investment firm said it invested 1.6 billion Swedish crowns ($158.84 million) in ABB, 1.1 billion in Ericsson and 160 million in Electrolux Professional.

"We invested a total SEK 2.9 billion in ABB, Ericsson and Electrolux Professional, at what we believe are attractive levels," Investor CEO Johan Forssell said in the report.

(Reuters)