Kreuger and Toll Co. - 1929 dated Swedish Stock Certificate - Sweden
Inv# FS2559 Stock
Stock printed by American Bank Note Company. Measures 15" x 5".
Kreuger & Toll, a construction and holding company, was established on May 18, 1908, by two Swedish engineers, Ivar Kreuger and Paul Toll. Henrik Kreüger, Ivar’s cousin, served as a consultant and chief engineer.
In early 1908, Ivar and Henrik Kreüger had the ambitious plan to establish a construction company that would work for the US company Trussed Concrete Steel Co. on the Swedish market. Their goal was to promote Trussed Concrete Steel Co.’s innovative building methods based on reinforced concrete. At the same time, Henrik Kreüger introduced Paul Toll to Ivar.
Ivar formed the company with Paul, who had several years of practical experience in the construction business as an engineer. Paul had previously served as the site manager for the Swedish construction company Kasper & Höglund AB.
On May 18, 1908, Kreuger & Toll was officially founded with a total start capital of 10,000 SEK. The company was structured as a construction company, with Ivar Kreuger owning 60% and profits being split 50/50. The initial capital was raised by the banker Oscar Rydbeck, who became Ivar’s primary bank contact and economic advisor throughout the company’s history, except for the infamous Kreuger crash in April 1932.
On August 10, 1911, Kreuger & Toll underwent a legal transformation and became an AB, officially known as Kreuger & Toll AB.
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
Ebay ID: labarre_galleries