UPDATE 1-NORDIC STOCKS - Factors to watch on March 30

STOCKHOLM, March 30 | Mon Mar 30, 2009 2:46am EDT

STOCKHOLM, March 30 (Reuters) - The following stocks may be affected by newspaper reports and other factors on Monday:

POHJOLA BANK (POH1S.HE)

The Finnish bancassurer set a price of 2.65 euros/share for its 308-million-euro ($410 million) rights issue, a sharp discount to the closing share price of 5.75 euros from Friday.

Pohjola said it would offer four new shares per seven existing A- or K-series shares. Pohjola has said the issue will strengthen its capital base and boost its ability to provide credit to customers.

For more on the company, double click on [POH1S.HE]

TELENOR (TEL.OL), TELIASONERA (TLSN.ST)

Citigroup raised its recommendation on Norwegian Telenor to "buy" from "hold and cut Sweden's TeliaSonera (TLSN.ST) to "sell" from "hold."

For a summary of rating actions and price target changes on FTSEurofirst 300 companies, double-click [RCH/EUROPE]

RENEWABLE ENERGY CORP (REC.OL)

Norwegian solar energy firm REC said its Moses Lake polysilicon plant started production early last week.

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

SCHIBSTED (SBST.OL) (SBST.OL)

The retirement of Chief Executive Kjell Aamot in Norwegian media company Schibsted, announced last week, will speed up the divestments of film production firm Metronome and newspaper firm Polaris -- which could help the company raise 750 million Norwegian crowns ($113 million), daily Aftenposten reports.

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

** For a summary of upcoming results and forecasts, double click on [NORD/EQTY]

** For the western European company diary covering earnings, shareholder meetings, news conferences and analysts' meetings, click on [WEU/EQUITY] or type in the code and hit the f9 button.

** 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

** For real-time moves on Nordic blue-chip indices double click on .OMXS30, .OMXH25, .OMXC20 and .OBX

** 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]

** For the latest news on Nordic stock price moves double click on [HOT-NORD-RTRS]

(Additional reporting by Copenhagen, Oslo and Stockholm newsrooms) (Helsinki Newsroom; +358-9-6805-0244) ($1=7.965 Swedish Crown)

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