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NORDIC STOCKS - Factors to watch on March 13
March 13, 2014 / 7:52 AM / 4 years ago

NORDIC STOCKS - Factors to watch on March 13

(Adds Rautaruukki, Swedbank)

HELSINKI, March 13 (Reuters) - The following stocks may be affected by newspaper reports and other factors on Thursday:

NOKIA

India’s top court is due on Thursday to resume hearing Nokia’s appeal of an earlier lower court ruling which said the company must agree to pay local tax claims without contest before handing its phone factory in Chennai to Microsoft .

For more on the company, click on

ISS

The Danish outsourcing company is listing on Copenhagen’s stock market after conducting an initial public offering that values the firm at 29.6 billion Danish crowns ($5.5 billion).

The shares were sold at 160 Danish crowns each, just above the middle of the given price range of between 140 and 175 crowns.

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SWEDBANK

Even when future stricter capital requirements for banks are taken into account, the Swedish bank has more than enough capital, its chairman Anders Sundstrom told Swedish daily Svenska Dagbladet.

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RAUTARUUKKI

The Finnish steel company, which is set this year to merge with Sweden’s SSAB, said it would transfer its Raahe power plant to a new joint venture between Rautaruukki and EPV Energy Ltd.

The new company, 75-percent owned by Rautaruukki, would pay 16 million euros ($22 million) for the Raahe plant and then invest about 121 million euros in modernising it.

For more on the company, click on

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Additional reporting by Copenhagen, Oslo and Stockholm newsrooms $1 = 5.3672 Danish crowns $1 = 0.7192 euros

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