Tele2 AB, Sweden’s second-largest telecommunications carrier, may be tempting Asia’s richest man with the chance to expand in Europe as the company’s controlling shareholder concentrates on faster-growing Internet investments.
Sweden’s Finance Minister Anders Borg made news in a different way today and triggered a wave of social media speculation and puns as he appeared at a Nordea Bank AB event in Stockholm without his trademark pony tail.
Nordic Capital’s Swedish advisory firm NC Advisory AB is confident it will win a court case against Sweden’s tax agency, which demands that private equity firm pays retroactive additional taxes of SK702m, Dagens Industri reports, citing NC Advisory. * Nordic Capital’s Swedish advisory firm has consulted more than 20 lawyers, which are all convinced it will win, its CFO Klas Tikkanen says, according to Dagens Industri * Court proceedings involving NC Advisory, tax agency start later this year; final ruling likely before Christmas: DI * NC Advisory has SK75m in own capital and wouldn’t be able to pay the tax authorities’ demand if it loses the case and payment of the additional taxes isn’t deferred; would need more capital to avoid bankruptcy if it loses case: Tikkanen * NOTE: Related article: Sweden’s Carried Interest Tax Crusade Jeopardizes Haven Status
Danske Bank A/S’s new Chief Executive Officer Thomas Borgen criticized what he called unsatisfactory investor returns over the past half-decade and vowed to improve the bank’s performance by winning back customers.
SKF AB, the world’s largest maker of ball bearings, climbed the most in more than three months after Dagens Industri reported the company continues to see rising demand in North America and improvements in Europe.
Schibsted ASA , Modern Times Group AB and Bonnier AB may be interested in buying the Scandinavian parts of SBS Broadcasting Networks, Dagens Industri reported, without saying where it got the information.
Saab Automobile, the Swedish carmaker acquired by Spyker Cars NV from General Motors Co., is in talks with Germany’s Bayerische Motoren Werke AG about cooperating with the development of Saab’s new 9-2 model, Dagens Industri reported today, citing an unidentified person with knowledge of the plans.