Home Business & Finance Tetra Pak Tycoons Slash US Stocks in $17 Billion Portfolio
Business & Finance

Tetra Pak Tycoons Slash US Stocks in $17 Billion Portfolio

Key Points

Tetra Pak Tycoons Slash US Stocks in $17 Billion Portfolio The Rausing family, which made a fortune from Tetra Pak cartons, sold more than $1 billion of US equities in the second quarter, joining the global rich that are trimming bets in the world’s biggest stock market. It’s the Swedish billionaires’ biggest reduction in US stocks in at least two years and amounts to about one-fifth of their overall holdings in the country.

Tetra Pak Tycoons Slash US Stocks in $17 Billion Portfolio The Rausing family, which made a fortune from Tetra Pak cartons, sold more than $1 billion of US equities in the second quarter, joining the global rich that are trimming bets in the world’s biggest stock market. It’s the Swedish billionaires’ biggest reduction in US stocks in at least two years and amounts to about one-fifth of their overall holdings in the country.
Tetra Pak Tycoons (ORG) Rausing (PERSON) US (LOCATION) Swedish (ORG)
Originally published by Bloomberg Markets Read original →