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Stig Brodersen interviews Daniel Zhang about Teqnion. Daniel Zhang is the Director of M&A at Teqnion. Teqnion AB is an industrial group that invests in and develops solid, profitable specialized businesses with an endless horizon.

IN THIS EPISODE, YOU'LL LEARN:
How did Daniel Zhang get his job as Director of M&A at Teqnion?
What made Stig decide to buy a stock in Teqnion?
What are the competitive advantages of Teqnion?
How Daniel thinks about “owner’s earnings” when he and other investors read Teqnion's financial statements.
Which profit does he focus on when speaking with his subsidiaries?
Which hurdle rate does he use for his subsidiaries when they decide how much of profits should be retained or sent back to the HQ?

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