STOCKHOLM, Sweden, July 19, 2002 (PRIMEZONE) -- AB Industrivarden has committed to subscribe SEK 3 bn. of Ericsson's SEK 30 bn. rights issue. This amount includes Industrivarden's pro rata share of approximately SEK 700 million that Industrivarden announced on April 22, 2002, that it would subscribe. The additional subscription of approximately SEK 2.3 bn. will lead to shares being acquired only if the shares offered in the rights issue are not fully subscribed.
Industrivarden's commitment to subscribe is part of the arrangement that Ericsson announced earlier today, which also includes an underwriting agreement with its financial advisors.
In a comment, Anders Nyren, President and CEO of Industrivarden said: "We continue to believe in Ericsson and its future potential. It is therefore natural for Industrivarden as a long-term owner to commit to this subscription. A successful rights issue is important and positive for Ericsson and thereby also for Industrivarden and its shareholders."
Stockholm, Sweden, July 19, 2002
AB INDUSTRIVARDEN (publ)
For further information, please contact: Anders Nyren, CEO, INDUSTRIVARDEN, tel. +46-8-666 64 00
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