The European Investment Bank (EIB) has further solidified its support for the expansion of Stockholm's metro system by approving an additional loan of 4.5 billion SEK (approximately 400 million euros) to Region Stockholm and Stockholm City. This latest financial injection brings the EIB's total commitment to the project to over 12 billion SEK, marking it as the bank's largest investment in Swedish public transport to date.
The expansion project, one of the largest EU-funded infrastructure initiatives in Sweden, encompasses the construction of three new metro lines, approximately 30 kilometers of new tracks (including about 20 kilometers of double-track tunnels), and 18 new stations. Additionally, the project will facilitate the development of 130,500 new homes along the new routes, addressing the growing demand for sustainable and efficient public transport in the Stockholm region.
Thomas Östros, Vice President of the EIB, emphasized the project's significance, stating, 'This investment strengthens both sustainable mobility and regional development. By contributing additional funding, we demonstrate our long-term commitment to climate-smart investments in Europe's growing cities. The project is an excellent example of how EU funding can benefit both residents and the climate.'
The expansion is a collaborative effort involving the state, Region Stockholm, and the municipalities of Järfälla, Nacka, Solna, and Stockholm. With a budget of 54 billion SEK at the 2016 price level, the project is a cornerstone in Stockholm's strategy to achieve its climate goal of net-zero emissions by 2045. The new metro lines are expected to significantly reduce greenhouse gas emissions by providing a viable alternative to car travel, thereby enhancing the quality of life for the region's residents.
Autoliv, Inc., the global leader in automotive safety systems, has announced the retirement of 510,361 shares of common stock that were repurchased during the quarter. This move has led to a decrease in the total number of issued shares, now standing at 79,404,229, with 76,807,215 shares outstanding. Each outstanding share retains its entitlement to one vote, underscoring the company's commitment to maintaining a transparent and equitable shareholder structure.
The retirement of these shares has also adjusted Autoliv's treasury stock holdings to 2,597,014 shares. Under Delaware law, these treasury shares do not carry voting rights or rights to participate in distributions. This strategic financial management reflects Autoliv's ongoing efforts to optimize its capital structure and enhance shareholder value, in line with its broader corporate objectives.
This disclosure by Autoliv is in compliance with the Swedish Financial Instruments Trading Act, highlighting the company's adherence to regulatory requirements and its dedication to transparency. The information was made public on June 30, 2025, at 08:00 CET, through the designated contact persons, ensuring timely and accurate communication to the market and its stakeholders.
Autoliv's role as a pioneer in automotive safety systems is well-documented, with its products saving approximately 37,000 lives and reducing around 600,000 injuries in 2024 alone. With operations in 25 countries and a workforce of 65,000 employees, the company continues to drive innovation in mobility safety solutions. The retirement of repurchased shares is a testament to Autoliv's strategic financial planning and its unwavering focus on delivering value to its shareholders while advancing its mission of Saving More Lives.