We are, however currently at the trough of the economic cycle, a fact that makes any assessments difficult.
In parallel we have noticed that the last years with Volkswagen as dominating shareholder have been burdened by disagreements. Volkswagen has, by using the strength of its A-shares, to a large extent ignored the 40-percent shareholder minority group and barred it from insight as well as from influence.
For a long-term investor as AP4, all aspects must be taken into consideration. It is not evident that the price offered will benefit the Swedish senior citizens in the long run.