• Sweden edition
 
Riksdag moves to stop Swedish state sell-offs
Vattenfall is one company the Riksdag committee wants to remain state-owned

Riksdag moves to stop Swedish state sell-offs

Published: 01 Mar 2011 16:47 GMT+01:00
Updated: 01 Mar 2011 16:47 GMT+01:00

The committee also wants energy company Vattenfall to remain wholly state-owned.

The Social Democrats, the Green Party, the Left Party and the Sweden Democrats are behind the proposal, while the four parties of the centre-right Alliance government all abstained, according to a statement from the committee.

The Swedish parliament had previously called on the government to reduce state ownership in the three companies.

The current proposal seeks to revoke the measure.

The committee's majority argued that the state should use its SBAB shares to increase competition in the banking market, which they believe would benefit consumers.

In addition, the committee does not want the government to list Posten Norden on the stock exchange

The committee also emphasised that TeliaSonera owns a majority of the nation’s IT infrastructure, including the network off access points, and suggested that the government instead devise proposals on how to separate the access network from TeliaSonera's other activities.

Some members of the Committee on Industry and Trade also sharply disagree with parts of the government’s proposed budget, which mentions it may become necessary to consider selling Vattenfall shares.

“One argument is that Vattenfall manages key natural resources,” the committee said in a statement.

“Every year, Vattenfall brings a big contribution to the state's coffers," Lars Johansson, spokesperson for the Social Democratic Party, said in a statement.

"Properly managed, Vattenfall can be an extremely powerful tool for energy policy and can strengthen Swedish competitiveness through a more rapid energy adaptation."

The Moderates, Liberals (Folkpartiet), Centre Party and Christian Democratic party disagree with the proposal.

“State ownership of firms operating in a competitive market should be reduced or withdrawn,” stated the parties in a press release.

“The state’s role as a legislator would thus be more streamlined, while promoting healthy competition.”

Revenues from the sale of shares would contribute to reducing government debt, they argued.

TT/The Local/kh (news@thelocal.se)

Your comments about this article

20:08 March 1, 2011 by Nemesis
At last a sensible idea in the Rikstag. I wonder how that happened.

Good to see them ignoring the economists for once.
13:57 March 2, 2011 by philk
For Vattenfall - is energy a competitve market or an essential commodity...? If you want a properly planned and maintained long term secure energy future, avoiding private enterprise may well be a better way forward...
Today's headlines
National
Sweden Democrat led biker gang chapter
Photo: TT

Sweden Democrat led biker gang chapter

A senior Sweden Democrat in Svenljunga municipality in western Sweden has a long criminal past and has previously served as a chapter head in the notorious criminal gang Bandidos. READ  

Swedish rockers dice with death in coach fire
Photo: Deathstars

Swedish rockers dice with death in coach fire

Swedish industrial rock band Deathstars narrowly avoided a serious tragedy in the early hours of Saturday morning when the tour bus in which they were travelling caught fire in the Austrian alps. READ  

Winter
Clocks go back for Swedish winter time
Photo: Charlie Rydell/AP

Clocks go back for Swedish winter time

Sweden switched over to winter time in the early hours of Sunday morning meaning that you just enjoyed an extra hour of sleep. READ  

National
Swedish town 'like Venice' after heavy rains
Photo: TT

Swedish town 'like Venice' after heavy rains

Torrential rains in western Sweden have left some towns submersed as water levels have risen to 1.5 metres above normal for the season with forecasts indicating that is worse to come. READ  

Ebola crisis
Sweden pledges new aid to UN Ebola fund
Photo: TT

Sweden pledges new aid to UN Ebola fund

Sweden has offered a new sizeable contribution to the fund set up by UN chief Ban K-moon to fight the Ebola outbreak. READ  

Society
'Dark forces' target refugee hunting scheme
Photo: Lars-Göran Thuresson/Älgriket

'Dark forces' target refugee hunting scheme

The Swedish hunting association runs a project to encourage young asylum-seekers to learn about hunting, a move which has proved controversial among some far right groups. READ  

Business & Money
American sales squeeze Ericsson profits
Ericsson CEO Hans Vestberg presents the third-quarter earnings report at the company's headquarters in Kista. Photo: Janerik Henriksson/TT

American sales squeeze Ericsson profits

Swedish telecoms equipment maker Ericsson reported a decline in net profit in the third quarter despite an increase in sales, boosted by business in emerging markets. READ  

Interview
'Too many concerts feel the same'
Sofar hosts secret gigs in Swedish apartments. Photo: Sofar

'Too many concerts feel the same'

Kattis Bjork founded Stockholm's secret gig scene - Sofar - a year ago. The Local caught up with her as she prepared to celebrate the project's anniversary this weekend and revealed the concept will spread to other Swedish cities in 2015. READ  

Stockholm 'sub hunt'
Sweden calls off suspect submarine search
Ships are returning to shore in Sweden. Photo: TT

Sweden calls off suspect submarine search

The core search for a suspected foreign vessel in Swedish waters has been called off. The armed forces said they remained convinced foreign underwater activity had taken place but had not identified an intruder. READ  

Business & Money
US and Japan fuel surge for Volvo trucks
Ed Carbaugh prepares to install parts on a truck engine on an assembly line at Volvo Trucks' powertrain manufacturing facility in Hagerstown, Maryland, March 2014. Photo: Patrick Semansky/AP

US and Japan fuel surge for Volvo trucks

Sweden's Volvo, the world's second-largest maker of trucks, said Friday it saw a spike in profits in the third quarter, boosted by thriving sales in the US and Japanese markets. READ  

RECEIVE OUR NEWSLETTER AND ALERTS
Lifestyle
What's On in Sweden: October 24th - 31st
Gallery
People-watching: October 22nd
Gallery
In Pictures: Prince Carl Philip and Sofia Hellqvist
Lifestyle
Eight things to love about renting a Swedish apartment
National
Vasa ship cannon blasted in Sweden
Blog updates

24 October

Editor’s blog, October 24th (The Local Sweden) »

"Hi readers, Get ready to read our weekly digest of Swedish news in less than 60 seconds. The..." READ »

 

24 October

Is darkness weather? (Blogweiser) »

"I try very hard not to talk about the weather. This has come after a decade..." READ »

 
 
 
National
Sub hunt: Day-by-day
National
Sub hunt: Stockholm islanders share their fears with The Local
Sponsored Article
The best options for oversea transfers
National
Get 20% off unique Swedish homeware
National
Dentist gives free care to Roma beggars
Business & Money
Get your own office in Gothenburg or Stockholm - free for a day
Gallery
Property of the week: Malmö
Gallery
PHOTOS: 'Foreign activity' in Swedish waters
Gallery
People-watching: October 19th
TT
Society
QUIZ: How good is your Swedish?
Lifestyle
What's on in Sweden: October 17th - 24th
Society
The nudity... and nine other things expat men notice in Sweden
Gallery
People-watching: October 15th
Gallery
Your views: Should outdoor smoking be banned in Sweden?
Business & Money
Sweden has 'large hole' in finances
Sponsored Article
Introducing... Finding a job in Stockholm
Society
Monster salmon caught in northern Sweden
Gallery
Property of the week: Lorensberg
National
Scandinavia's child bride
National
Ebola crisis: How is Sweden preparing?
Business & Money
How Sweden is becoming a cashless society
Gallery
Stockholm Burlesque Festival 2014
National
How a little red horse became a symbol for Sweden
Gallery
People-watching: October 12th
Business & Money
The hottest start-ups from southern Sweden
National
What's on in Sweden: October 10th - 17th
National
Stockholm is 'best' region for well-being
Gallery
People-watching: October 8th
National
Five facts to know about Patrick Modiano
Society
My Swedish Career: A French fashionista in Sweden
Society
Swede's anti-bully Facebook tale goes viral
Society
Have you seen Sweden's viral subway cancer campaign?
National
Isis: Swedes linked to Turkish prisoner swap
National
Should Swedes be banned from buying sex abroad?
Gallery
Fredrik Reinfeldt's leaving presents
National
Five Swedish TV shows you shouldn't miss
Gallery
A tool belt, a casserole, and a book. Fredrik Reinfeldt's parliament gifts
TT
Lifestyle
Top five winter festivals in Sweden
TT
National
Sami reindeer herders win mine reprieve
Gallery
Property of the Week: Gamla Enskede
Sponsored Article
How to catch the first lobster of the year
Team SCA
Sponsored Article
All-female SCA team takes off on Volvo Ocean Race
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

976
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