Michael Hasselqvist

"Till Anders Wall also went Michael Hasselqvist, who managed the finance company Nyckeln, which we had acquired from Bo Sandell's Skrinet. He bought out Nyckeln. These shares were later distributed among several parties, all of whom suffered some losses. Like most finance companies at the time, it easily obtained bank financing for its needs, and there was a market for Nyckeln's certificates. Moreover, at that time, banks referred all top loans to the finance companies, which was wise. Less wise, however, was that banks extended so much credit to the finance companies. This was the foundation for Nyckeln's collapse, which initiated the great financial and real estate crisis in the early 1990s."

"In the group surrounding Bo Sandell, there were a number of energetic people of varying quality who pushed for larger power-related deals. There were some significant positions in established large companies such as the rubber company Trelleborg via the investment company Hevea, controlled by Skrinet, the mining company Boliden, and the trading wholesaler Ahlsell. Bo Sandell's colleague Michael Hasselqvist built up the finance company Nyckeln but eventually left Skrinet for other tasks with Anders Wall, the big star of the 1980s and a pioneer in bold corporate deals with his Beijerinvest. Nyckeln later acquired a new ownership group outside of Skrinet and met a grim fate during the financial crisis in Sweden in 1990."