The Swedish Rausing family – which made a fortune in Tetra Pak – sold more than $1 billion worth of U.S. stocks in the second quarter, joining a group of wealthy investors reducing their exposure to the world’s largest stock market.
The sale corresponds to approximately one-fifth of the Rausing family’s holdings in US stocks.
The US exit included the sale of a 15% stake in colour and flavour maker Sensient Technologies for $660 million. But it sold more than 100 other US holdings – including Abbott Laboratories and Wells Fargo – worth more than $500 million.
At the end of June, the Rausing family owned shares worth around $17 billion, including in Alfa Laval, Linde, EQT, International Flavors & Fragrances and Givaudan.
Source: swedenherald.com
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