Carnegie was sole book-runner in the secondary placing of 1.74 million Ainax shares, representing 6.4 per cent of Ainax’ share capital. The shares were placed at the then prevailing market price (i.e. no discount). Ainax’ primary asset is its almost 25 per cent shareholding in Scania, a stake formerly held by Volvo and subsequently distributed to Volvo’s shareholders through the spin-off of Ainax in June, 2004. Ainax is listed in Stockholm, on Nya Marknaden.June, 2004.