Heimstaden - comment

There are several articles in Dagens Industri, a Swedish financial newspaper, referring to the issues at Heimstaden Bostad and its 2nd largest shareholder, Alecta, the Swedish Pension Fund. In one of the articles, an interview with Heimstaden Bostad management confirms our view that Bostad must sell assets and raise new capital. The equity injection has led to a reported disagreement with Alecta on who will inject the money and on what terms. 

The second article refers to internal difficulties at Alecta, where an internal investigation, led by an external law firm, to investigate if Alecta board has violated its own internal rules and guidelines in prior investments in Bostad.