Forsinvest

"When Forsinvest was cleared of the majority of Volvo shares and had fulfilled its role for Pirre in the power struggle with Gyllenhammar, Forsinvest was put up for sale. I formed a consortium, including among others the investment company Hevea and Forsinvest's CEO Gunnar Ekdahl. We completed the acquisition and reached over fifty percent control. Wasatornet was the largest owner with twenty-six percent. The Wallenbergs remained with twenty percent."

"In his twilight years, this great leader of Swedish industry had appointed Volvo's CEO Pehr G. Gyllenhammar as his de facto successor in distrust of his own son Peter, "Pirre" Wallenberg. The new succession was manifested by cross-ownership between companies in the Wallenberg sphere and Volvo with related companies, which came to include the Wallenberg bastions Atlas Copco and Stora Kopparberg. But after the father's death, Pirre regained the initiative and, among other things, bought the majority of Forsinvest with the large Volvo holdings, in open confrontation with PG Gyllenhammar."

"We acquired control over Forsinvest, a publicly traded company, at a price that was at least thirty percent too high. I was sold Forsinvest in the fall of 1984 by a bank, but the decision was mine, as well as the blame. What was in the company's archives the bank probably did not fully know either. Forsinvest had played an important role in the power shift after Marcus Wallenberg's death in 1982, in which I also contributed, complicating the further development of a positive relationship with the powerful clan and my investment operation."