Pension giant loses big investment in bankrupt e-motorbike company

Sweden’s AMF has had to write off a SEK 460m stake in motorbike manufacturer Cake, which filed for bankruptcy last month.

Cake filed for bankruptcy in February this year. | Photo: Cake / PR

by KIM WIESENER

Swedish pension giant AMF has lost its entire SEK 460m (EUR 40.8m) investment in the bankruptcy-hit electric motorbike company, Cake.

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Pension giant loses big investment in bankrupt e-motorbike company

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AMF makes strong recovery in 2023 – despite "turbulent and troubled year"

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Nordic institutional investors still see potential in beleaguered Swedish battery producer

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The list of money managers axing oil stocks just got longer

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Nordic institutional investors still see potential in beleaguered Swedish battery producer

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Eight Nordic managers move up in global top 500 ranking

The list of money managers axing oil stocks just got longer

US manager sees Nordic clients return to EM equities due to "excessive concentration"

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