Stena Sphere

Stena Sessan

Stena Sessan is one of the Stena Sphere’s three ­parent companies. The company is an owner of four listed companies which are described below, and the principal shareholder in two of them.

The company also owns two shuttle tankers and engages in asset management.

Mylan is a global pharmaceutical company and one of the world’s largest producers of active pharmaceutical ingredients, with sales in 165 countries. Mylan is listed on Nasdaq in the US. Shares in Mylan were received as part of the purchase consideration when Stena Sessan sold its holding in Meda in 2016. 

Scandic Hotels is the largest hotel operator in the Nordic region, with a network of 280 hotels with about 55,000 hotel rooms in six countries, after the acquisition of the Restel’s hotel operations Cumlus in 2017. Scandic is listed on Nasdaq Stockholm since December 2015. 

Beijer Electronics Group is a global high-tech company operating in industrial automation and data communication. The company also operates under the Beijer Electronics, Westermo and Korenics brands. After the restructuring in 2016, the company is very well prepared to grasp growth opportunities. 

Concordia Maritime is an international tanker shipping company focused on cost-effective and safe transportation of refined petroleum products and vegetable oils. The company’s B shares were admitted to trading on Nasdaq Stockholm in 1984.

In December 2017, Stena Sessan signed an agreement to acquire residential properties consisting of approximately 4,900 apartments from Stena Fastigheter, including some newbuilding projects. The properties will be taken over during 2018.

SUBSIDIARIES

Sector: Tanker shipping
Revenue: MSEK 828
CEO: Kim Ullman
Number of employees: 61)
Stena Sessan’s holding: 52.2% (capital), 72.7% (votes)
concordiamaritime.com

More information and a copy of Concordia Maritime’s annual report for 2017 can be found at: concordiamaritime.com

1) and 473 seagoing


SHIPPING OPERATIONS

Stena Spirit
Shuttle tanker1)

Stena Sirita
Shuttle tanker1)

1) 50%-owned

OTHER PORTFOLIO COMPANIES

Sector: Industrial automation and data communication
Revenue: MSEK 1,206
CEO: Per Samuelsson
Number of employees: 702
Stena Sessan’s holding: 29.8%
beijerelectronics.se


Sector: Pharmaceuticals
Revenue: USD 11.9 billion
CEO: Heather Bresch
Number of employees: approx. 35,000
Stena Sessan’s holding: 1.1%
mylan.com


Sector: Hotels
Revenue: MSEK 14,582
CEO: Frank Fiskers
Number of employees: 9,928
Stena Sessan’s holding: 14.6%
scandichotelsgroup.com