Hägglund wins major arms order

The government of the Netherlands has decided to buy 184 armoured combat vehicles (Stridsfordon 90) from Swedish manufacturer Hägglund for 8 billion crowns. The contract, which can be signed in December, is one of Sweden’s single biggest export transactions in recent years.

The Dutch government will now submit the issue to the parliament for approval.

EU reform hits Swedish landowners

Swedish landowners will lose their right to agricultural subsidies by the turn of the year, according to the new rules in the EU reform package wherein the EU provides funding to those that till land from next year. Only through a specific agreement can landowners save the value of their farms. Half of all agricultural land in Sweden is out on lease and 2 billion crowns are at stake, reported DI.

Tele 2 gives up bid for Song

Tele 2 has withdrawn its bid for Song Networks, clearing the way for rival TDC to take over. By selling its 17 per cent stake in Song to TDC for 95 crowns per share, Tele 2 will generate a capital gain of 175 million crowns.

SCA rival retreats from Europe

Procter & Gamble plans to pull out of the European market for hygiene paper products, a retreat that will hugely benefit Sweden’s SCA, reported DI, citing ‘sources’.

Sources: Dagens Nyheter, Svenska Dagbladet, Dagens Industri


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