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UPDATE 1-NORDIC STOCKS - Factors to watch on May 21
May 21, 2013 / 6:26 AM / 4 years ago

UPDATE 1-NORDIC STOCKS - Factors to watch on May 21

(Adds Atlas Copco, Marine Harvest)

HELSINKI, May 21 (Reuters) - The following stocks may be affected by newspaper reports and other factors on Tuesday:


The engineering group expects resilient service revenues and efficiency drives by cost-conscious miners to sustain growth in its mining and rock drilling business, its top executive said in a Reuters interview late on Monday.

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Shareholders of salmon farmer Cermaq will vote on a deal to buy Peruvian fish feed maker Copeinca on Tuesday, effectively rejecting a $1.7 takeover offer from Marine Harvest, the world’s biggest fish farmer.

Marine Harvest earlier said it would offer to buy Cermaq if it dropped its dilutive deal for Copeinca but would walk away if Tuesday’s AGM approved the deal.

Cermaq, 43.5 percent owned by the Norwegian government, rejected the offer as too low and the state said it would back the Copeinca deal, raising the likelihood Marine Harvest would be forced to give up.

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Danish insurance group Topdanmark is expected to report a 32 percent decline in pretax profit to 476 million crowns ($82.50 million) in the first quarter, according to a Reuters survey of analysts.

The report, due to be published at around 1000 GMT, may also move Sampo, the owner of about 23 percent of Topdanmark’s shares.

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The Danish oil and shipping group has loosened up its target for the oil unit Maersk Oil’s to reach a production of 400,000 barrels of oil per day from 2020, business daily Borsen said. The group has shifted its focus to profitablility, the paper said.

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The Swedish telecom gear maker has agreed to provide the U.S. Securities and Exchange Commission with information about a commission scheme for its agents abroad, business daily Dagens Industri reported, quoting an Ericsson spokesman.

This followed on a request by the SEC that Ericsson provide information about scheme on a voluntary basis after media reports questioned the use of the payments in Romania. The payment scheme is no longer used, the newspaper reported.

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