STOCKHOLM: Activist investor Cevian Capital has cut its holding in Ericsson to 4.81% of the telecom equipment maker’s share capital, according to the Swedish Financial Supervisory Authority (FSA).
Cevian, one of Ericsson’s biggest owners, owned 160.2 million shares after the transaction, the FSA said.
The transaction date was March 11.
Ericsson shares were down 1.5% at 1116 GMT. Cevian in September 2020 cut its stake to 5.45%.