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UPDATE 1-NORDIC STOCKS - Factors to watch on June 29

Mon Jun 29, 2009 2:36am EDT

Stocks

   

(Adds Aker, H&M and Electrolux)

STOCKHOLM, June 29 (Reuters) - The following stocks may be affected by newspaper reports and other factors on Monday:

SEVAN MARINE (SEVAN.OL)

The Norwegian offshore services group said it was raising 968 million Norwegian crowns ($150 million) in a private placement. Sevan said it issued 121 million new shares at 8 crowns per share through a book-building process, below the price range it had signalled last week.

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

AKER SOLUTIONS (AKSO.OL)

The Norwegian company said it was selling its 33 percent stake in Odim to Rolls Royce (RR.L) at 45 Norwegian crowns per share, valuing the deal at 700 million crowns.

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

HENNES & MAURITZ (HMb.ST)

UBS has raised its price target on the stock of the clothing chain to 370 Swedish crowns from 340 crowns.

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

ELECTROLUX (ELUXb.ST)

Citigroup has raised its price target on the home appliances maker to 150 Swedish crowns per share from 120 crowns. It has a buy rating on the stock, which closed at 104.5 crowns per share on Friday.

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

** 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, 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)



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