January 28, 2013 / 6:51 AM / 5 years ago

NORDIC STOCKS - Factors to watch on Jan 28

HELSINKI, Jan 28 - The following stocks may be affected by newspaper reports and other factors on Monday:


Finnish cargo-handling equipment maker said its new chief executive would be Finnair’s top chief Mika Vehvilainen, the man credited with leading a turnaround at the airline.

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Sweden’s Volvo said it will surpass Daimler as the world’s biggest maker of heavy trucks after agreeing to set up a joint venture in China with Dongfeng Motor Group Co. .

Volvo will pay 5.6 billion yuan ($900 million) for a 45 percent stake in the JV, giving it access to China where it currently has only a minor presence in trucks.

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Scandinavian airline SAS will cut a 1,000 administrative jobs as part of its current restructuring plan, 200 more than originally planned, Norwegian news portal E24 said, citing a company spokesman.

SAS is in the process of centralising its administration in Sweden, eliminating some administrative positions in Norway, Denmark and Sweden, as it fights for survival.

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Additional reporting by Copenhagen, Oslo and Stockholm newsrooms

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