• Sweden edition
 
Sell more state-owned companies: party

Sell more state-owned companies: party

Published: 10 Jun 2010 14:12 GMT+02:00
Updated: 10 Jun 2010 14:12 GMT+02:00

Companies on Financial Markets Minister Mats Odell's list include SAS, TeliaSonera, Nordea and Vattenfall.

"It is important to continue to reduce state ownership," Odell said at a press conference on Thursday.

However, he stressed that the opportunity and the price must be right.

"We should not sell because of an ideological zeal for selling," said Odell. "It must be a good transaction for the state."

He added that the state had been able to reduce its indebtedness sharply with the sales it has made since the 2006 elections.

Some of the deals would, according to Odell, need to be safeguarded by special conditions, such as any possible transaction involving selling parts of Vattenfall.

One model could be that the state remains the majority owner, another that the Swedish people through concessions receive a guarantee that hydropower remains in Swedish hands.

Among the other candidates for eventual sale that Odell has singled out is Swedish Motor Vehicle Inspection (Svensk Bilprovning). However, he added the market must develop first. The company cannot be sold in the present climate when the market for motor vehicle inspections about to be deregulated.

Other companies on Odell's list include mortgage lender SBAB, Posten Nordic, Lernia, Sweroad and Arbetslivresurs.

TT/The Local (news@thelocal.se)

Your comments about this article

16:21 June 10, 2010 by StockholmSam
Hell no! Do not put our water supply (Vattenfall) into the hands of private corporations. That would be a HUGE mistake. Look at what happened in Bolivia! With privatization, water prices will go up and quality will go down. Increasingly limited access to this precious resource will further divide society along economic lines and when you remove access to good water, the peasants will revolt. Eventually, private corporations will own every drop of water, every molecule of air, and every grain of sand on the beach. Imagine that. When the water is nationalized, the public owns it and society benefits from it. When privatized, only a few people own it and profit from it.

The rest of those on the list, I don't care about in the least.
16:27 June 10, 2010 by saar
Vattenfall is an energy company not a water company.
16:37 June 10, 2010 by Ilaith
And their major source of power are danish coal power plants and not water.
17:33 June 10, 2010 by Argentox
Privatization is a very bad idea. Im from Hungary and I can tell you some fact what happened there. 8 years ago ... the state sold the gas, eletricity and 6-8 more companies to private persons. Gas and electricity prices generally became 5-7 times higher and the rest of the company just got bankrupted. The new goverment reailezd what a big mistake it was, and now they try to controll the prices but they can´t.

There was a village which tryed to puchase a wind turbine system to they own village in order to protect miljö and get lower prices. BUT if anyone want wind turbine they must have an okay from the electricity company. The village never got okay from the electricity company, because it would be a loss for them. And no one else got okay since....

So don´t privatizate Sweden, don´t!
17:49 June 10, 2010 by Audrian
The privatization theory, which the US has been pushing on the throat of developing countries and on its own people, is discredited beyond doubt. Since WWII, the US has suffered over 24 economic downturns, some of which were serious. The benefit of privatization goes to few individuals who will become super rich on the back of the majority that will suffer decline. When the silent majority wakes up it might find that it has been looted! By then changing governments does not work, as all start singing from the same hymn!
21:47 June 10, 2010 by Ilaith
@Argentox: You can't compare Hungary to Sweden. The historical and cultural differences and the differences in the political climate, especially regarding corruption (according to the Corruption Perceptions Index).

It should also be noticed that the state-owned companies in Hungary where a legacy of the communist era. A system designed in a way that it simply can't work. Privatizing chaos in corruption is bound to fail.

So you CAN'T COMPARE the situations. If you had read the article you would've noticed that special laws/rules would apply for the privatised comanies to prevent the situation you describe.

@Audrian: Comparing the situation with the US isn't going to work either. In comparison to the US Sweden is a Socialist (or even Communist) state. Thank god we don't use the US as a reference for that.

As said. The "Special Conditions" would prevent this. You should also take a look at past privatisations in Sweden, for example Televerket. It's completely different here than in the US.
06:00 June 11, 2010 by misssh
not vättenfall you idiots..... focus on making systembolaget private as then competition will start and the stupid price will lower !!
09:00 June 11, 2010 by Kronaboy
If you want to see an example of what a bad idea privatising utilities is then take a good long look at the UK. Take any of the utilities (i.e. Telephone), everyone will tell you what good the service it is now that it's been privatised, what they will not tell you is the millions (a huge sum in 1982) that was spent by the Government in updating the system prior to privatisation, hence the first example, and believe there are many more. With essential services like Heating and water the situation is even more dire, for example did you know that about 40,000 people died last year in the UK because they couldn't afford to heat their homes, don't believe me then go to the following links:

http://www.independent.co.uk/life-style/he...al-1826664.html

http://www.statistics.gov.uk/pdfdir/ewm1109.pdf

http://press.helptheaged.org.uk/_press/Rel...ease_241109.htm

In hospitals up down the country they have a term for it it's called the “annual cull”, want to be like England, giving trillions to bankers to pay billions in bonuses, while thousands die and millions of children live in poverty, then go ahead privatise away, I'm sure there are plenty blood sucking leeches out there who will more than happy to make a profit out of the misery of others.
10:51 June 11, 2010 by Åskar
I think we should sell Mats Odell instead.
12:23 June 11, 2010 by chapora
When a government starts selling off it's assets and fails to invest in newer ones then it is undoubtably bound to head for a weakening of it's fiscal and eventually legal status. Every single government that has divulged itself of the public utilities that the people have entrusted in their hands has proven to be unable to reinvest that money into finacially viable projects that safeguard it's future. And thus the future of the nation that it represents. The Christian Democrats idea that it can legislate to protect an asset that it no longer has control or ownership of is quite frankly either naive or just plainly stupid. Once that asset is the property of a commercial concern then despite even the nobelest of intentions the monetary value of the service or product will be it's only single raison d'etre. So that electrical supply to that small village with only 15 people way out where ever is soon going to be seen as a cost that must be reduced. Not as a service that has to be provided. And if a law states that the service has to be maintained then guess what; it will become a valid argument for increased costs to the whole customer base. And should that be contested in court well then we all know that the best brains in the legal world are working either directly for these corporations or for firms that specialize in corporate law. Anyway the reason behind this proposed sale is what we should be keenly looking into. It is not just about ideology. It is about the prospect of sharp increases in government costs namely pensions that are causing the current government to look to options that "quick fix" these issues. Long term solutions must be found not ideas that will weaken the state, empower the gready and considerably reduce the standards of living that the citizens of that state have already paid for. The pension game needs to be thoroughly looked into all over the western world indeed it has been a known issue from as long ago as the 1960's. Once that fish has been tackled and it deffinately wont be easy will many governments including Sweden be in a better postion to provide their citizens with the level of service that those citizens have come to rely upon. But the asset stripping that is currently under proposal will never be a stable solution nor will it provide income in the future when it will be most needed. Where I come from the is a very old saying and it is not without wisdom. "Never sell, because what is gone is gone for good." or another also springs to mind "Don't sell your hand to pay for your finger."
13:56 June 11, 2010 by glamelixir
Ok, I am really tired of all those who state:" you can't compare blablabla to Sweden"

Point is, yes we can. We can on the basis that privatization has proved wrong in every single country where it has been brought up!

I am from Argentina, we are paying nowadays the high price of privatizing everything in the 90s. And the price is uneducated generation, insecurity and a poor state.

My husband (Swedish) had an accident at work yesterday for which he has to take some shots 5 days in a row. Because of the new private apotekets he had to pay more than 500 hundred kr in medicine which before was provided by the hospitals for the hospital fee. I hope I don't have to write 5 more long messages trying to explain the chain of events that can outcome of this kind of situations.

I just can't understand how some people can still think that this is a good idea!

Oh yes, I can, people that never had this system long enough to realize their consequences.

PLEASE WAKE UP!
19:45 June 17, 2010 by tigger007
it's all about trimming the government. they feel that letting go of some state owned companies will free the government of it's responsibilities and creating an open air market for growth. you all have made good comments and even some will say that you can't compare one to another. ALL EFFECTS ARE THE SAME! when you privatize a state own company you are basically saying that this new company has DNA! it can run it's like a person and can make it's own mind up on what to do and what not to do! the state will lose it's power over this new company even if it has safe guards(laws). it's like freeing a slave! it's free to do whatever it wants within in the laws of the land,but can choose what laws it to follow. COMPANIES DON'T HAVE DNA!
Today's headlines
Donald Duck and Zlatan get Swedish votes
A political career for Zlatan? Some fans seem to want to see that. Photo: Peter Dejong/TT

Donald Duck and Zlatan get Swedish votes

The Bilderberg Group, the Satanic Initiative and Adolf Hitler all received votes in Sweden’s general election, according to a list released by the country’s electoral authority. READ  

Sport
Stockholm fails bid to host Euro 2020 games
The Swedish team in action. Photo: TT

Stockholm fails bid to host Euro 2020 games

Sweden's capital has missed out on a chance to host any Euro 2020 games, with Copenhagen the only Scandinavian city among the thirteen winning locations. READ  

Vicar: God rejects fans of women priests
Antje Jackelén, Archbishop of Uppsala, is the first woman to head the Swedish church. Photo: Stig-Åke Jönsson/TT

Vicar: God rejects fans of women priests

A Swedish priest has been fired after telling his congregation that people who support female priests would be rejected by God - despite the fact that his own church is led by a woman. READ  

Analysis
Women set to dominate top post-election jobs
Margot Wallström (right) could become Stefan Löfven's new Minister of Foreign Affairs. Photo: TT

Women set to dominate top post-election jobs

Sweden could soon get a female Foreign Minister, Fredrik Reinfeldt's ousted Moderate Party is preparing for its first woman leader and the grandmother of actor Hugh Grant's son is being tipped as Parliament's next Speaker. READ  

National
Sweden protests over Russian plane incursions
A Gripen plane was scrambled to see off the Russian planes. Photo: Johan Nilsson/TT

Sweden protests over Russian plane incursions

UPDATED: Sweden has summoned the Russian Ambassador for a dressing down after two Russian planes violated Swedish airspace last week. READ  

Elections 2014
'Good prospects' for Alliance co-operation

'Good prospects' for Alliance co-operation

UPDATED: Social Democrat leader Stefan Löfven says he is positive that his party can co-operate with the former governing Alliance on some issues. READ  

Lifestyle
Introducing...Astrid Lindgren
Pippi Longstocking comes to live at the Astrid Lindgren theme park. Photo: TT

Introducing...Astrid Lindgren

The creator of Pippi Longstocking, Astrid Lindgren, is the most translated author from Sweden, and has filled children's imaginations since the 1940s. The Local finds out why her work has become a timeless classic. READ  

Scotland Decides
Sweden welcomes Scotland's 'No' vote
No supporters celebrate victory in Glasgow. Photo: Matt Dunham/AP/TT.

Sweden welcomes Scotland's 'No' vote

Sweden’s outgoing foreign minister Carl Bildt has welcomed Scottish voters’ decision to reject independence from the UK in Thursday’s referendum. The pound rose against the krona following the result. READ  

National
'Sexsomnia' addict cleared of rape

'Sexsomnia' addict cleared of rape

A Swedish man who had sex with a woman while he was asleep has been acquitted of rape because he suffers from "sexsomnia". READ  

National
Russian jets spotted in Swedish airspace
Russian Su-24 medium-range bomber, known by Nato as 'Fencer,' flies at undisclosed location in Russia in 2002. File photo: AP

Russian jets spotted in Swedish airspace

UPDATED: Two Russian fighter jets violated Swedish airspace on Wednesday, prompting the government to request an urgent report from the Armed Forces. READ  

RECEIVE OUR NEWSLETTER AND ALERTS
The 'black gold' of Sweden's west coast.
National
West Sweden prepares for the 2014 lobster premiere
Society
What's on in Sweden
Politics
How Sweden Democrats went mainstream
Politics
Scandinavia and Scotland: closer links?
Gallery
Property of the week - Eskilstuna
Blog updates

19 September

Editor’s blog (The Local Sweden) »

"Happy Friday readers! It sure has been a exciting week in Sweden, where we’re set to get a new Prime Minister after Fredrik Reinfeldt stepped down following Sunday’s elections. The Local blogged live from the key political gatherings across Stockholm. Why not re-visit the action by taking a look at our photos, tweets, videos and analysis? Since the..." READ »

 

17 September

Deep election analysis (Blogweiser) »

"You think you’re bad? Well I’m American. http://www.youtube.com/watch?v=NFbomLID0vU Deep deep analysis on Swedish election results. Vlog post: https://t.co/tjQgfa5Yie #svpol #val2014 #politics pic.twitter.com/oEK5ADFT8L — Joel Sherwood (@joeldsherwood) September 17, 2014 " READ »

 
 
 
Sponsored Article
How to start a business in Stockholm
Society
How I became a surf blogger when I moved to Sweden
Gallery
People-watching: September 13th
Society
Why is Stockholm's Södermalm so cool?
Gallery
People-watching: September 11th
Gallery
People-watching: September 13th
Politics
Five possible election outcomes
Politics
Sweden elections: How do they work?
Politics
Sweden elections: Who's who?
Gallery
Property of the week - Hornstull, Stockholm
Analysis
Five differences between the UK and Sweden
Welshman Jonny Luck is now a chef in Sweden
Society
How I opened my own restaurant in Sweden's Malmö
Sponsored Article
Stockholm tech fest: relive the magic
Gallery
People-watching September 8th
Photo: TT
Politics
Feminists fight for first seats
Politics
Immigration cut push from Sweden Democrats
Sheryl Sandberg says women have "low expectations"
Tech
Facebook exec talks women's limits in Swedish business
Politics
Left Party calls for justice and equality
Politics
Green Party wants 'better world' for kids
Lifestyle
The five best Swedish songs of the month
Sponsored Article
Introducing… Insurance in Stockholm
Sponsored Article
Graduates: Insure your income in Sweden with AEA
Sponsored Article
Introducing...Your finances in Stockholm
Sponsored Article
Introducing...Housing in Stockholm
Latest news from The Local in Austria

More news from Austria at thelocal.at

Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Germany

More news from Germany at thelocal.de

Latest news from The Local in Denmark

More news from Denmark at thelocal.dk

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

883
jobs available
Swedish Down Town Consulting & Productions
Swedish Down Town Consulting & Productions is an innovative business company which provides valuable assistance with the Swedish Authorities, Swedish language practice and general communications. Call 073-100 47 81 or visit:
www.swedishdowntown.com
PSD Media
PSD Media is marketing company that offers innovative solutions for online retailers. We provide modern solutions that help increase traffic and raise conversion. Visit our site at:
http://psdmedia.se
If you want to drink, that’s your business.
If you want to stop, we can help.

Learn more about English-language Alcoholics Anonymous in Sweden. No dues. No fees. Confidentiality assured.
AA-EUROPE.ORG/SWEDEN