STOCKHOLM Swedish investment firm Kinnevik plans to distribute its stake in German online fashion group Zalando, worth 55 billion crowns ($6.6 billion), to its shareholders.
STOCKHOLM Swedish steelmaker SSAB has ended talks over a potential acquisition of Tata Steel's Dutch steel mill, it said on Friday, adding a fresh twist to the ongoing consolidation of Europe's steel sector.
* SSAB shares +7.7%, Tata Steel -3.6%, Thyssenkrupp +0.8%
(Recasts, adds Tata Steel statement, updates shares)
STOCKHOLM, Jan 20 Telia Co AB said on
Wednesday its operational cash flow was stronger than expected
in 2020 and confirmed a 2 crowns per share dividend for the
year, sending shares in the Nordic telecom operator up more than
STOCKHOLM H&M, the world's second-biggest fashion retailer, said on Tuesday that local-currency sales fell 10% in its fourth quarter, with a pronounced slowdown in the final month as the second wave of coronavirus restrictions curbed spending.
STOCKHOLM/BEIJING Swedish truck maker Scania, a unit under Volkswagen AG's commercial vehicle arm Traton SE, has bought a truck company in China to start making vehicles for the first time in the world's biggest auto market, it told Reuters.
STOCKHOLM/AMSTERDAM/MUMBAI Swedish steelmaker SSAB is in talks with Tata Steel about potentially buying the Indian group's Dutch steel mill in IJmuiden and related assets, it said on Friday.
STOCKHOLM Sweden's NENT plans to tap into the demand for Nordic drama by launching its streaming service Viaplay in the United States next year and is considering an equity raise of more than 3.5 billion crowns ($405 million) to fund expansion, it said on Tuesday.
STOCKHOLM, Oct 27 Sweden's SKF, the
world's biggest maker of industrial bearings, beat quarterly
earnings forecasts on Tuesday, helped by an efficiency drive and
a pick up in some markets, but said the outlook remained
STOCKHOLM A pick-up in demand for fridges and washing machines among housebound consumers during the pandemic helped Electrolux beat profit forecasts on Friday and post its highest quarterly margin ever.