Investor, the holding company of Sweden’s Wallenberg family, has finally exited Scania on its own terms after torpedoing MAN’s bid a year ago, but this may only raise more questions about the company’s strategy.

Unless Investor uses the Skr17.6bn ($2.8bn) from the sale of its 11 per cent stake in Scania for a high-profile acquisition or returns cash to shareholders, the discount of its shares to their net asset value could widen.