Notes to the financial statements

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16 Interest in joint ventures

Two joint ventures were reclassified during the year, as described below.

The Group had a 50% equity share in DIAB Intressenter AB, a joint venture set up to acquire the assets and business of Atle AB, a Swedish venture capital company, with Ratos AB. DIAB Intressenter AB now holds a single investment in DIAB AB, and as such is considered a portfolio investment designated as fair value through profit or loss.

The Group had a 50% equity share in Atle Industri AB, a venture capital fund established with a joint venture partner Ratos AB to hold a small number of investments previously owned by Atle AB. As these investments are held and managed on the same basis as other portfolio investments, the joint venture has been reclassified as a portfolio investment designated as fair value through profit or loss.