Alecta Pensionsforsakring completed the acquisition of 20% stake in Stena Renewable for £133m.

Alecta Pensionsforsakring, a asset managment company, completed the acquisition of 20% stake in Stena Renewable, a investor in long-term renewable energy, for £133m. "This is a hallmark investment for us. It carries all the traits we look for - attractive risk-adjusted returns over a long period of time with focus on our commitment to net zero 2050 as a part of the Asset Owner Alliance. We believe it is a good strategy for our customers, with attractive returns and a focus on clean energy," Hans Sterte, CIO Alecta.