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May 21, 2012
Sweden sells property giant Vasakronan
Published: 3 Jul 08 11:37 CET | Double click on a word to get a translation
Online: http://www.thelocal.se/12812/20080703/
Sweden said on Thursday that it had sold real estate firm Vasakronan to AP Fastigheter for an undisclosed sum as part of the country's biggest ever privatization programme.
- Borg calls for renewed privatization drive (8 Aug 10)
- Sell more state-owned companies: party (10 Jun 10)
- Private pharmacies return to Sweden (18 Jan 10)
Financial Markets Minister Mats Odell did not give a sum for the sale, but said the government had got "a very good price" and that the deal made good industrial sense.
AP Fastigheter is the real estate arm of the country's state pension funds.
Odell said the value of property sold in the deal was 41.1 billion kronor ($6.9 billion).
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