UPDATE 1-NORDIC STOCKS - Factors to watch on Dec 12

Wed Dec 12, 2012 2:41am EST

(Adds TeliaSonera, SAS)

HELSINKI Dec 12 (Reuters) - The following stocks may be affected by newspaper reports and other factors on Wednesday:

TELIASONERA The Swedish mobile phone operator confirmed on Wednesday that prosectors suspect two of its employees of crimes related to a license deal in Uzbekistan.

Telia has denied any wrongdoing.

Several Swedish newspapers wrote on Wednesday that two senior managers at TeliaSonera are suspected of being involved in bribery in connection with the transaction in Uzbekistan.

The prosecutor's office is conducting a preliminary investigation into allegations of corruption and money laundering related to the license deal.

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SAS

The Scandinavian airline said on Wednesday it hoped to make a full-year profit in the coming 12-month period thanks to the effects of a last-ditch survival plan announced last month.

SAS said it expected a negative trend for unit revenues to continue, but barring negative surprises and if jet fuel prices remain stable, it could post a positive operating earnings margin above 3 percent and positive earnings before tax for the full-year 2012/2013.

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TELIASONERA

Kcell, Kazakhstan's largest mobile phone operator, has raised $525 million in an initial public offering on the London Stock Exchange and in Kazakhstan for its Nordic parent, TeliaSonera AB, the company said on Wednesday.

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HENNES & MAURITZ

Spain's Zara owner Inditex shrugged off sluggish spending in austerity-wracked Europe on Wednesday, posting a 27 percent rise in nine-month net profit to 1.65 billion euros, driven by a nimble production model and expansion into fast-growing markets.

The world's largest clothing retailer grew core profit - or earnings before taxes, interest, depreciation and amortisation - by 25 percent to 2.78 billion euros ($3.61 billion).

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METSA BOARD

The French state has agreed to buy an office paper mill in Alizay from the Finnish forest company for 22.2 million euros ($28.86 million), according to paper industry news service Risi. Metsa Board closed the loss-making mill earlier this year.

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(Additional reporting by Copenhagen, Oslo and Stockholm newsrooms) ($1 = 0.7693 euros)

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