UPDATE 1-NORDIC STOCKS - Factors to watch on June 19

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Thu Jun 19, 2008 3:00am EDT

(Adds Swedbank, Norwegian Property factors, updates Telenor)

HELSINKI, June 19 (Reuters) - The following stocks may be affected by newspaper reports and others factors on Thursday:

TELENOR (TEL.OL)

The Norwegian telecom group said it was actively looking at opportunities for mergers and acquisitions, including expansion within existing regional clusters.

In presentation material for its capital markets day on Thursday, Telenor did not specify whether it was interested in Nordic rival TeliaSonera (TLSN.ST), which has rejected a $41 billion takeover bid by France Telecom (FTE.PA).

For a full story double click on [OSL001339]

For more on the company double click on [TEL.OL]

TELIASONERA (TLSN.ST)

France Telecom (FTE.PA) is hoping TeliaSonera's shareholders will persuade its Swedish target to enter talks, sources familiar with the matter said on Wednesday, adding the French group does not currently plan to sweeten its indicative $41 billion takeover offer.

For more on the company double click on [TLSN.ST]

SWEDBANK (SWEDa.ST)

Nordic banks should merge in order to meet the twin threats of growing competition and takeovers by larger European players, Swedbank Chairman Carl Eric Stalberg said in an interview with business daily Dagens Industri.

"In five to ten years we won't have four large banks in Sweden," he was quoted as saying.

"The consolidation in the international banking market will continue. If the alternative is that any large European bank can buy one of the large Nordic banks for the earnings of a single quarter, then it is better to merge and create a larger unit in the Nordic region and in Sweden."

For more on the company double click on [SWEDa.ST]

NORWEGIAN PROPERTY (NPRO.OL)

The company said that shareholders with 19.2 percent of the stock were demanding an extraordinary general meeting to deal with the election of the board and nomination committee.

Norwegian Property said it would call an EGM on July 17, a month after the demand was made.

For more on the company double click on [NPRO.OL]

WEST SIBERIAN RESOURCES WSIBsdb.ST

Morgan Stanley is resuming coverage of the Stockholm-listed Russia-focused oil company with an overweight rating and a price target of 9.90 Swedish crowns per share.

For more on the company double click on [WSIBsdb.ST]

NORWEGIAN AIR SHUTTLE (NWC.OL)

The Norwegian budget airline rejected Goldman Sachs' claim that it needed 800 million Norwegian crowns ($154 million) to survive present high oil prices, daily Finansavisen reported.

For more on the company, double click on [NWC.OL]

EDB BUSINESS PARTNERS EDBASA.OL

A "flirtation" between the Norwegian computer services firm and Nordic IT services group TietoEnator (TIE1V.HE) (TIE1V.HE)(TIEN.ST) has faded, says Finansavisen. Broker Fondsfinans recommended selling the stock and lowered its target to 32 crowns from 50 crowns.

For more on the company, double click on [EDBASA.OL]

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** Double click on <0#.INDEX.ST> for Swedish indices, <0#.INDEX.CO> for Danish indices, <0#.INDEX.HE> for Finnish indices and <0#.INDEX.OL> for Norwegian indices

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** For constituent stock moves highlight the above codes in the command box and press the F3 button on your keyboard

** For Nordic top news items, double click on [TOP/NORD]

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(Additional reporting by Copenhagen, Oslo and Stockholm newsrooms) (Helsinki Newsroom; +358-9-6805-0244)

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