L.E. Lundbergforetagen NAV/Share Dips TO SEK248 On Sept 30

   DOW JONES NEWSWIRES 
 

L.E. Lundbergforetagen AB (LUND-B.SK), the Swedish investment and property company, said Thursday its net asset value per share dipped 17% in the first nine months of the year, and had fallen 19% as of Nov. 22, largely due to value declines in its listed holdings.

 
   MAIN FACTS: 

-Net asset value per share fell to SEK248 on September 30 and to SEK244 on Nov. 22, from SEK300 on Dec. 31 2010.

-3Q net loss was SEK3.34 billion, down from a SEK1.41 billion profit in 3Q 2010.

-In the first nine months, the company has invested a total of SEK2.69 billion in listed shares, including Skanska AB (SKA-B.SK), Holmen AB (HOLM-B.SK), Industrivarden AB (INDU-A.SK), Sandvik AB (SAND.SK) and Husqvarna AB (HUSQ-B.SK).

-In November, it bought SEK95 million worth of shares in Skanska and SEK53 million worth in Sandvik.

-All shares in Cardo were divested at a SEK2.63 billion profit for the parent company.

-At 1227 GMT, shares were down 0.8% at SEK186.00.

-By Jens Hansegard, Dow Jones Newswires; [phone]; [e-mail]