Carnegie in agreement with real estate tycoon
Published: 17 Mar 09 11:02 CET | Print version
Online: http://www.thelocal.se/18264/20090317/
Swedish financier Maths O Sundqvist has reached an agreement with his main creditor, investment bank Carnegie, which will now assume control of his business empire.
- Nordea profit rise fails to meet forecasts (24 Oct 12)
- Swedish real estate tycoon found dead (23 Sep 12)
- Three Swedish banks downgraded by Moody's (25 May 12)
The two parties have been trying to reach agreement for a considerable amount of time.
"It feels good that we have managed to close the deal. We shall now move on," said Sundqvist, who has now settled his debts with Carnegie.
"All that remains is to wish the new owners good luck with a fine company," he said.
When asked if it felt good that the highly publicized conflict with Carnegie had been resolved, Sundqvist replied:
"This is just the beginning. New possibilities will open up."
Maths O Sundqvist retains a number of assets in the province of Jämtland in northern Sweden but he was unwilling to divulge further details.
"There are a number of small things."
Sundqvist was unwilling to comment on whether he received anything over and above the debt write offs for the Skrindan concern.
As part of the deal Sundqvist has an option to share in any value created by Skrindan if within a period of five years all debts and interest have been reimbursed to Carnegie.
This is an option which Maths O Sundqvist appeared to have every intention of taking up.
'Lean hospital a sign of Swedish welfare reform'
A Stockholm hospital saved from closure by private health care providers has been hailed by the Economist as one of modern's Sweden public-private success stories. READ () »
H&M mulls production in South America and Africa
Swedish clothing giant H&M is looking into the possibility of sourcing its production to South America, Central America, and even Africa, chief executive Karl-Johan Persson said on Monday. READ () »
Nord Stream plans new gas pipelines
Gas pipeline firm Nord Stream will hold an information meeting on the Baltic island of Gotland on Monday to introduce a proposal to extend its controversial gas pipeline project. READ () »
'Sweden next in line for housing market crash'
Sweden tops a list of countries that risk suffering a housing market crash, Germany's Commerzbank has warned, citing the slackening off of Swedish property prices as a harbinger of a potential downswing. READ () »
Solna voted best place to live in Sweden
Solna, a suburb just north of Stockholm, is the best place to live in Sweden, according to a new ranking published on Friday by Swedish news magazine Fokus. READ () »
Ikea founder rated fifth richest in the world
Ingrad Kamprad, the founder of Swedish furniture giant Ikea, finished fifth on the Bloomberg Billionaires Index published on Friday, with an estimated fortune of $55.6 billion. READ () »
LinkedIn profile lands Swede with hefty tax bill
A Swedish man is facing a five-million kronor ($750,000) add-on to his tax bill after the authorities took a proper look at his account on the professional networking site LinkedIn. READ () »
India in no rush to open first Ikea store
The first Ikea store to open in India may not be ready for years, with the India head of the Swedish furniture giant prepared to wait until the the perfect location is found for the first of the 25 planned stores. READ () »
H&M CEO to Bangladesh: raise minimum wages
H&M CEO Karl-Johan Persson has urged Bangladesh to raise its minimum wage, adding the Swedish fashion giant is "willing to pay more" in the wake of a garment industry disaster which killed more than 1,100 people. READ () »
Pensioners to recruit ageing Swedish rockers
The Swedish Pensioners Association wants to cast off its "stuffy" image at the Sweden Rock festival, in a recruitment bid to set up a rock music subgroup of new members. READ () »
- 15/05 Swedish shop hits back: our Converse are real »
- 15/05 Young Swedes forced to live with mum and dad »
- 14/05 Converse in bid to ban 'fake' shoes in Sweden »
- 13/05 Nordea tracked clients in secret 'black book' »
- 10/05 ABB executive to quit after five-year tenure »
- 10/05 Borg defends critique of strong Swedish krona »
- 08/05 EU green lights Volvo and Dongfeng merger »
- 08/05 Sweden sells toxic Baltic salmon to EU: report »
- 07/05 Swedish app lets 'everyone' write music »
- 07/05 'Invisible thread' can help fight fashion pirates »
| 20/05 | Application EngineerNet Entertainment | Stockholm |
| 20/05 | Application EngineerNet Entertainment NE AB | Stockholm |
| 20/05 | Business Development ManagerHays | Stockh, STHM |
| 20/05 | Certification Project ManagerNet Entertainment | Stockholm |
| 20/05 | Client Solutions EngineerInteractive Medica | Stockholm |
| 20/05 | Enterprise Risk ManagerNet Entertainment NE AB | Stockholm |
| 20/05 | Global Senior BuyerValueone AB | Stockholm |
| 20/05 | Group Risk ManagerHumancapital | stockholm, STHM |
| 20/05 | Salgsassistent / Sales AssistantHoss Intropia | Copenhagen |
| 20/05 | Senior SW Developer, Sony Mobile CommunicationsAdecco | Lund, SKÅ |
- 18/05 Economists warn against German euro exit »
- 17/05 Germany cool to France's EU economy plan »
- 17/05 Au pairs rules relax for non-German families »
- 16/05 Germany refuses to slam French economic policy »
- 16/05 Capri-Sun drink wins false advertising award »
- 15/05 Anaemic economy feels winter chill »
- 15/05 ThyssenKrupp bins 3,000 admin jobs »
- 15/05 Pay deal for metal workers averts strike »
- 14/05 First ever strike hits Amazon's German unit »
- 14/05 Volkswagen plans giant car plant in China »
- 21:29 Found out I'm pregnant!
- 21:26 Relocation to Stockholm
- 21:20 Shopping online for electronics
- 20:41 Taking bills via Autogiro without service
- 20:32 Investment market in Sweden
- 20:16 Salary expectations for managing a busy bar?
- 20:11 Buying property in Stockholm
- 19:56 Posting parcel from Sweden
- 19:36 Short term rental in malmö
- 16:41 Swedish Summer Language Classes in Malmö?
Expat counsellor & talk therapist offers counselling for stress, relationship issues, sexuality, culture adjustment & life coaching. Private & confidential. Stockholm or Skype. Contact me today! 08-559 22 636 or
CLICK HERE
Casa Birgitta in Algarve, Portugal. Reduced price in best location. Private estate on white sand beach. All amenities included. Book here today! edward_george1@hotmail.com
Find products and services that are specifically focused on English speakers living in Sweden!
FULL DETAILS
Individuals & Couples - Stockholm Beth Rogerson PhD - Clinical, Marriage & Family Therapist
Click or call 08-5580 1266 now
Create an account with Banc De Binary, the world’s most reputable binary options firm, and start cashing in today! You can start by practicing with our free $50,000 demo account.
www.bbinary.com
