The Trustor affair involved the takeover in the summer of 1997 of a Swedish investment company listed on the Stockholm Stock Exchange.
[2] Team Moyne had initially identified a couple of companies which matched the criteria making them suitable for takeover, of which Trustor was one.
Mattson and Jisander met with EPFC as representatives for Lord Moyne who was interested in buying a Swedish investment company.
Jisander and Mattson presented both proof that they were indeed acting on behalf of Lord Moyne and the criteria for the target company and after a series of discussions Trustor was found to be the best alternative.
[5] During the spring of 1997 negotiations took place, resulting in a deal on 20 May where Lord Moyne would buy the company from Norberg for 241 million SEK.
First, the contract gave Norberg the right to buy Trustor's stocks in the most valuable company Kanthal, at book value.
On 13 June an extra shareholders' meeting was held, where Lord Moyne was appointed president and Lindsay Smallbone CEO.
Lord Moyne took a loan of 293 million SEK from Van Lanschot Bankiers, based in Luxemburg, and the money was then transferred to Trustors account in the same bank.
The legal aftermath had started and on December 23 Stockholm District Court decided that a compulsory liquidation should be carried through.
[6] Because of the take over the under valuated assets could finally be realized and were sold at market price and their real value recovered by Trustor AB.