Press release -
Axel Johnson's ownership in Dustin exceeds 50 percent
Axel Johnson AB, through its wholly owned subsidiary AxMedia AB ("Axel Johnson"), has acquired 6.7 million shares in Dustin Group AB at an average price of SEK 13.50. This means that Axel Johnson's ownership now exceeds 50 percent, amounting to 50.1 percent. The increase is motivated by a strong belief in Dustin's position and future prospects, and Axel Johnson's ambition to support Dustin's continued growth and development as a long-term, committed, and clear main owner.
Axel Johnson is a leading family business in rapid renewal, focusing on the group's 10/50/50 target. The group companies currently consist of wholly-owned Axel Johnson International, AxSol, Martin & Servera, and Novax, as well as the partially owned publicly listed Axfood (ownership stake 50.1%) and Dustin (ownership stake 50.1%). In 2022, Axel Johnson's net turnover amounted to approximately 127 billion Swedish kronor, and the group companies collectively employ around 25,000 people. Axel Johnson is a family business run by the fifth generation and is owned by Antonia Ax:son Johnson and her family. Axel Johnson is one of four independent groups within the Axel Johnson Group, alongside the real estate company Axfast, the American Axel Johnson Inc., and the management company AltoCumulus.
