Word: ivars
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Principal Kreuger company is Swedish Match?Svenska Tändsticks. It makes 66% of the world's matches, controlling 250 plants in 43 nations. In 1930 its earnings came to $13,000,000. This company's growth was due to Ivar Kreuger's efforts and its rise paralleled his own. Sweden's match industry began in the latter part of the 19th Century. Small factories sprang up all over the country. In 1903 a merger of many of the companies formed Vulcan Match Manufacturing Co. which began to force the smaller companies out. In 1907 Ivar Kreuger, then 27, arrived...
...loan was to Poland in 1925 and consisted of $6,000,000. Greece followed and then France offered a match monopoly for a loan of $75,000,000. This large financing was accomplished through the sale of $50.000,000 worth of International Match bonds in the U. S. and Ivar Kreuger's monopolizing got into
...secured not by a direct monopoly but by an agreement to ban all Russian matches. Since Swedish makes a good 70% of all matches used in Germany the terms were satisfactory. Worry over the safety of this loan was known to be one of the things depressing Ivar Kreuger last week...
...company to the entirgroup was the original engineering and real estate firm of Kreuger & Toll, controlled by Class A voting shares capitalized at $50,000, the majority of which Ivar Kreuger held himself. This small amount of stock carried control of properties capitalized at over a billion dollars...
...share in the Young Plan Loan in 1930. It has real estate companies with properties throughout Europe, including 87 buildings in Stockholm. By selling control of L. M. Ericsson Telephone Co. (acquired in 1930) to International Telephone & Telegraph for 400,000 shares of I. T. & T. stock, Ivar Kreuger connected his empire with the worldwide communications skein of the Behn Brothers...