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SAAB shares shot up on the Stockholm Stock exchange

Thursday, 19 December 2013
Military equipment manufacturer Saab saw its shares rose in Stockholm Stock Exchange after yesterday's announcement that Brazil will buy 36 Gripen aircraft.Saab

Shortly after the stock market opening on Thursday, the shares rose 25 percent, which means an increase in value of nearly Skr4 billion from Wednesday's closing price.

According to Brazil's defense ministry, Gripen order is worth Skr29 billion though not yet finalised.

Principal owner of Saab, and the biggest winner, the Wallenberg family through foundations are around smiling. Investor and the Wallenberg foundations own together 39 percent of the company writes the Swedish business daily Dagens Industri.

Third largest shareholder is AFA insurance and fourth in  Swebanks mutual fund company Robur.
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