Spiltan recently divested its entire stake in Berkshire Hathaway, a move that caught the attention of many in the investment community. The decision was explained by Per H Börjesson, the founder of Spiltan, who cited the need for liquidity ahead of a significant transaction in the coming weeks. While Berkshire Hathaway has long been a favorite holding for Spiltan, the sale was deemed necessary for strategic reasons.
However, the story doesn’t end there. Just a few days ago, news broke that Spiltan had acquired Eitrium, a serial acquirer, from the troubled EHAB group. This acquisition marks a new chapter for Spiltan, showcasing their ability to navigate complex deals and capitalize on opportunities in the market.
In addition to the divestment and acquisition, Spiltan has also been actively buying back shares. According to recent reports, Investment AP Spiltan repurchased shares worth nearly 52 million Swedish kronor in March. This move was driven by the significant discount to net asset value (NAV) that Spiltan’s shares were trading at, estimated to be around 25%.
Per H Börjesson explained the rationale behind the share buyback, stating that it would increase the company’s NAV by approximately 10 SEK per share when the shares are redeemed at the upcoming shareholder meeting in May. This strategic move not only enhances shareholder value but also reflects Spiltan’s confidence in its own prospects and ability to generate long-term returns for investors.
Overall, these recent developments highlight Spiltan’s proactive approach to managing its portfolio and capitalizing on market opportunities. With a focus on value creation and strategic acquisitions, Spiltan continues to demonstrate its strength as a savvy investor in the ever-changing landscape of the financial markets.