HEADQUARTERS
London, UK.
Svenska Handelsbanken AB's is headquartered in Stockholm, Sweden
publicly traded
YES
LARGEST SHAREHOLDERS
Svenska Handelsbanken AB owns 100% of Handelsbanken plc.
Svenska Handelsbanken AB's largest shareholders are:
Industrivärden AB (11.83%)
Oktogonen Stiftelsen (8.19%)
Lundberg B (4.81%)
Lars Fredrick Elis Lundberg (4.28%)
operations
Sweden, Norway, the Netherlands and the UK.
total assets
£280 billion
other banks in svenska group
Handelsbanken Fonder AB
Handelsbanken Liv Försäkringsaktiebolag
Stadshypotek AB
EFN Ekonomikanalen AB
financing overview
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palestine occupation
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£545,600,000
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Svenska Handelsbanken AB appears in the Don't Buy into Occupation 2024 report as a financier of the Volvo Group.
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Company highlights and involvement
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company involved
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funding
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palestine occupation
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VOLVO GROUP
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£546m
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Companies bankrolling the OCCUPATION OF PALESTINE
Funded: £546m
palestine occupation
Volvo Group is a Swedish multinational company which manufactures trucks, buses, construction equipment, and marine and industrial engines. Since 2020, Al-Haq reported several instances of Volvo bulldozers being used during unlawful demolitions of Palestinian structures including residential buildings and water structures. In June 2022, Volvo machinery was reportedly used in the raiding and demolishing of residential tents and animal shacks in Al-Fakheet and Al-Markez villages, after the Israeli Supreme Court had ruled in favour of the expulsion of eight villages in the region of Masafer Yatta in May 2022. Volvo heavy-duty machines were also used in 2023 in home demolitions in Palestinian neighbourhoods in the occupied West Bank and East Jerusalem.
Volvo’s importer and distributor in Israel is Mayer Cars and Trucks Ltd, including for bus chassis. Volvo Bus Corporation (26.5%) and Mayer jointly own Merkavim. Merkavim uses Volvo chassis for its armoured Mars buses that are used in services to Israeli settlements. Mayer and Merkavim are included in the updated UN Database (June 2023).