NORDIC STOCKS - Factors to watch on July 2

Thu Jul 2, 2009 1:28am EDT
 
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HELSINKI, July 2 (Reuters) - The following stocks may be affected by newspaper reports and other factors on Thursday:

TELIASONERA (TLSN.ST)

The Nordic telecom operator will not go unscathed from the economic downturn that has mired its Swedish home market, the company's top executive Lars Nyberg said in an interview with business daily Dagens Industri.

"Now there is talk unemployment will hit 11 percent in Sweden and that will certainly affect our revenues," Chief Executive Lars Nyberg was quoted as saying.

Nyberg also said the operator's main focus was growing in its existing markets. "Sure, it is a buyers market right now and we have a strong financial position, but to enter new markets is risky," he said.

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

AMER SPORTS (AMEAS.HE)

Helsinki bourse said late on Wednesday SEB Enskilda has opened the books to selected institutional investors to sell Icelandic Novator's 20.11 percent stake in sporting goods firm Amer Sports. [ID:nL1672351]

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

ALMA MEDIA (ALN1V.HE) Finnish publisher Ilkka (ILK1S.HE) said late on Wednesday it had agreed to buy a 10 percent stake in larger rival Alma Media, raising its holding to 20.4 percent. [ID:nL1246920]

With the 34.6 million euro ($48.68 million) deal, which Ilkka said it plans to finance through a 40 million euros share issue, the firm will become the largest shareholder in Alma Media, Finland's second largest publisher.

For more on the companies, double click on [ALN1V.HE]

[ILK1S.HE]

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