US investment fund doubles down on Kindred Group stake
Capital Group increases holding to more than 10% to become largest shareholder in Stockholm-listed operator
In July, Capital Group, acting via its American Funds subsidiary, increased its stake again to a 5.15% share in Kindred.
Capital Group currently oversees assets under management worth more than $84.5bn and stocks worth an estimated $6bn. It administers more than 40 mutual funds and was founded in 1931.
Kindred’s second largest shareholder is the Avanza Pension Fund, with its top 15 shareholders controlling interests amounting to more than 35% of the firm’s issued share capital.