Maths-Olov Sundqvist (October 23, 1950 - September 23, 2012) was a Swedish entrepreneur and business magnate. Sundqvist was one of Sweden's wealthiest individuals, but in the wake of the financial crises of 2008, he was forced to sell most of his possessions at huge losses.[1]
Sundqvist was born in 1950 in Offerdal in Krokom municipality in Sweden.[2] He began his business career by developing his father's bus company and finally selling it in 1979 to the municipality of Östersund for 8.7 million Swedish kronor.[3] He used the proceeds to found his personal investment company Skrindan, which grew aggressively to become a big player in real estate.[3] In 1992, he rescued the local newspaper Länstidningen in Östersund as it fell into financial difficulties. In 2002 he controlled a majority stake at the Länstidningen,[3] as well as several other local companies.[1]
Sundqvist was ranked in 2007 by the Swedish business magazine the Affärsvärlden as one of Sweden's wealthiest individuals after his acquisition of large blocks of shares in a number of Swedish corporations such as Hexagon, Fabege, Industrivärden and SCA. In 2008, his total portfolio was worth 10.4 billion Swedish kronor, and his portfolio of real estate was worth 7-8 billion Swedish kronor.[4]
Due to declining stock prices during the 2008 financial crisis, Sundqvist was forced to sell large blocks of shares to refinance loans. Sundqvist had more than a billion in debts at the Carnegie Investment Bank, and was a contributing factor that the bank lost its banking license and was taken over by the Swedish National Debt Office.[3] As Sundqvist was forced to sell most of his shares, he suffered huge losses.[1]
^ abcdLT:s räddare död 2012-09-25 at the Wayback Machine, Resume, September 24, 2012.
^ abMaths O. Sundqvist hittad död, Aftonbladet, September 23, 2012.
October 30, 2023
maths, sundqvist, maths, olov, sundqvist, october, 1950, september, 2012, swedish, entrepreneur, business, magnate, sundqvist, sweden, wealthiest, individuals, wake, financial, crises, 2008, forced, sell, most, possessions, huge, losses, maths, olov, sundqvist. Maths Olov Sundqvist October 23 1950 September 23 2012 was a Swedish entrepreneur and business magnate Sundqvist was one of Sweden s wealthiest individuals but in the wake of the financial crises of 2008 he was forced to sell most of his possessions at huge losses 1 Maths Olov SundqvistBorn 1950 10 23 October 23 1950Offerdal SwedenDiedSeptember 23 2012 2012 09 23 aged 61 Haggenas SwedenOccupationBusinesspersonLife and career editSundqvist was born in 1950 in Offerdal in Krokom municipality in Sweden 2 He began his business career by developing his father s bus company and finally selling it in 1979 to the municipality of Ostersund for 8 7 million Swedish kronor 3 He used the proceeds to found his personal investment company Skrindan which grew aggressively to become a big player in real estate 3 In 1992 he rescued the local newspaper Lanstidningen in Ostersund as it fell into financial difficulties In 2002 he controlled a majority stake at the Lanstidningen 3 as well as several other local companies 1 Sundqvist was ranked in 2007 by the Swedish business magazine the Affarsvarlden as one of Sweden s wealthiest individuals after his acquisition of large blocks of shares in a number of Swedish corporations such as Hexagon Fabege Industrivarden and SCA In 2008 his total portfolio was worth 10 4 billion Swedish kronor and his portfolio of real estate was worth 7 8 billion Swedish kronor 4 Due to declining stock prices during the 2008 financial crisis Sundqvist was forced to sell large blocks of shares to refinance loans Sundqvist had more than a billion in debts at the Carnegie Investment Bank and was a contributing factor that the bank lost its banking license and was taken over by the Swedish National Debt Office 3 As Sundqvist was forced to sell most of his shares he suffered huge losses 1 Death editSundqvist died in 2012 He was found dead next to his all terrain vehicle near his residence in Haggenas north of Ostersund He was 61 4 References edit a b c Maths O Sundqvist dod Dagens Nyheter September 23 2012 Sveriges befolkning 1990 Sundqvist Maths O a b c d LT s raddare dod Archived 2012 09 25 at the Wayback Machine Resume September 24 2012 a b Maths O Sundqvist hittad dod Aftonbladet September 23 2012 Retrieved from https en wikipedia org w index php title Maths O Sundqvist amp oldid 1171871064, wikipedia, wiki, book, books, library,
