Niklas's Feed
Apr 2, 2012

Ratos sells pest control firm Anticimex to EQT

STOCKHOLM, April 2 (Reuters) – Sweden’s Ratos is
selling pest control firm Anticimex to fellow private equity
group EQT in a deal that valued the company at about 2.9 billion
crowns ($437.05 million), keeping up the steady pace of Nordic
deals.

Ratos, which owns 85 percent of Anticimex, said on Monday
that the selling price for 100 percent of the shares amounted to
1.775 billion crowns and that it would book a net exit gain on
the transaction of about 940 million crowns.

Mar 29, 2012

Sweden proposes higher tax on private equity profits

STOCKHOLM, March 29 (Reuters) – Sweden moved to tighten tax
rules for owners of stakes in private equity funds, part of a
push against untaxed profits in the 250 billion crown ($37.5
billion) industry, which is the second biggest in Europe
relative to economic output.

A Finance Ministry proposal aims to tax income of private
equity fund owners, or so called carried interest, primarily at
the income tax rate rather than the capital gains rate which is
lower.

Mar 17, 2012

Swedish plane crash rescue ends as body parts found

STOCKHOLM/OSLO, March 17 (Reuters) – Swedish police
called off a rescue operation after searchers on Saturday
recovered human remains from the site of a Norwegian military
plane crash on a remote peak in Sweden’s high north.

All five Norwegian Air Force officers who had been aboard
the Lockheed Martin C-130J Hercules transport craft
before it hit Sweden’s highest mountain around midday on
Thursday are now presumed dead, a spokesman said.

Mar 16, 2012

Iceland to repay early a fifth of IMF, Nordic loans

STOCKHOLM (Reuters) – The Icelandic government said on Thursday it would repay early a fifth of the billions of dollars of loans it received from the International Monetary fund and its Nordic neighbors in the wake of the collapse of its banking sector in 2008.

The early repayment of the loans is a symbolic step for the country of just 320,000 people on its road to recovery from a financial meltdown that left its economy in tatters and its name a byword for the ravages of the global financial crisis.

Feb 10, 2012

Assa Abloy sees life in moribund U.S. and Europe

STOCKHOLM, Feb 10 (Reuters) – Assa Abloy,
the world’s biggest lock maker, sees brighter prospects in its
long-suffering European and U.S. markets this year as frozen
demand for building renovation starts to thaw.

The Sweden-based company whose products range from household
locks to advanced digital entrance systems, has been squeezed by
sharp cuts in public spending across Europe in recent quarters
with growth primarily coming from emerging markets such as
China.

Feb 7, 2012

Shipyard woes hit engineer Alfa Laval

STOCKHOLM, Feb 7 (Reuters) – A sharp fall in demand
from the struggling shipbuilding industry hit fourth-quarter
order bookings at Swedish engineer Alfa Laval, sending
its stock down 8 percent on Tuesday.

Shipbuilders are under pressure as customers postpone orders
in the face of the euro zone debt crisis, while a glut of ships
ordered when the times were good has outpaced freight demand in
both dry bulk and the tanker market, slamming ship owner
earnings.

Feb 3, 2012

Volvo sees European, U.S. markets diverging

STOCKHOLM, Feb 3 (Reuters) – World number two
truckmaker Volvo expects its main markets to diverge
this year, with demand in Europe seen down about 10 percent amid
euro zone debt woes and North American volumes growing by a
sixth.

“With the uncertainty in the European economy it is
difficult to forecast demand for trucks in 2012,” chief
executive Olof Persson said on Friday, after Volvo reported
record earnings and sales for 2011.

May 12, 2011

Volvo China marriage bearing fruit after troubled honeymoon

BEIJING/GOTEBORG (Reuters) – When Geely Auto snapped up Swedish car maker Volvo last year in what was to be China’s largest auto acquisition, the uneasy marriage might have best been described by the Chinese saying: “Same bed, different dreams”.

Nine months later, the strategy differences which marked the early stage of the partnership appear to have been smoothed over and Volvo is beginning to make inroads in the world’s largest auto market.

May 12, 2011

Analysis: Volvo China union bearing fruit after rocky honeymoon

BEIJING/GOTEBORG (Reuters) – When Geely Auto snapped up Swedish car maker Volvo last year in what was to be China’s largest auto acquisition, the uneasy marriage might have best been described by the Chinese saying: “Same bed, different dreams”.

Nine months later, the strategy differences which marked the early stage of the partnership appear to have been smoothed over and Volvo is beginning to make inroads in the world’s largest auto market.

May 10, 2011

Hexagon Q1 margin tops forecast, sees strong demand

STOCKHOLM, May 10 (Reuters) – Measurement technology group
Hexagon AB (HEXAb.ST: Quote, Profile, Research, Stock Buzz) posted a stronger-than-expected
first-quarter operating margin and repeated its forecast for
strong demand in all markets this year, sending its shares up.

The Swedish company said its operating margin rose to 20.1
percent at fixed exchange rates in the seasonally weak first
quarter to top the 19.7 percent seen in a Reuters poll of
analysts as well as the year-ago figure of 16.5 percent.