Crisis-Price Entry as Wealth Origin

“In the beginning, it was possible to buy the companies for relatively little money because no one else wanted them. There wasn’t much trading in the shares either. The banks had no coverage, and the institutions did not want to buy. This led to “nice price tags,” as Melker Schörling expressed it in an interview with Affärsvärlden in 2016. It was also important that there were conditions for an international business within a foreseeable time. That Schörling managed to buy into companies at a low price increased the possibility of substantial value growth.”

“Gustaf Douglas only wanted to part with 10 percent of the shares, but Melker Schörling wanted 25. They met halfway. After a well-conducted negotiation, Schörling paid 25 million SEK for 17.5 percent of the company’s share capital. Schörling had some money after a few successful stock investments, but he borrowed most of the purchase price for the shares in Securitas from the bank.”