Real estate billionaire Erik Selin, with major holdings in both Swedish Match and Haypp Group (Snusbolaget), invests SEK 5 million in Sting Free AB
Sting Free AB has now completed its latest rights issue which resulted in an oversubscription of shares. In total, the company raised SEK 5.9 million, with the largest investor being Erik Selin Fastigheter AB with SEK 5 million.
Erik Selin now becomes the second largest owner of the company after the Wiberg family and the company is valued at SEK 31.6 million.
All members of Sting Free AB's board of directors also subscribed for shares in the new issue, as did large parts of the current shareholders.