Ongoing Privatisations
The Swedish government has announced that it will privatise a number of wholly and partly state owned companies. "The income from these sales will be used to pay off the government debt and reduce the burden of debt for future generations. The Government's ambition is to sell companies to a value of SEK 200 billion during 2007-2010."
- Apoteket - pharmaceuticals. To be partially sold when breaking up the state monopoly and opening the market to free competition.
- Nordea - bank. 19.5% owned by Swedish government.
- OMX - stock exchange. Shares sold to Borse Dubai for 2.1 billion SEK.
- Telia Sonera - telecom. 37.3% owned by the Swedish government. Hitherto SEK 18 billion worth of shares has been sold reducing state ownership from 45.3% to 37.3%.
- SBAB - finance.
- Vin & Sprit. Sold to Pernod Ricard for 5.626 billion Euro.
- Vasakronan. Sold to AP Fastigheter for 4.3 billion Euro.
Read more about this topic: Economy Of Sweden
Famous quotes containing the word ongoing:
“When one of us dies of cancer, loses her mind, or commits suicide, we must not blame her for her inability to survive an ongoing political mechanism bent on the destruction of that human being. Sanity remains defined simply by the ability to cope with insane conditions.”
—Ana Castillo (b. 1953)