Sweden's TV4 risks delisting as Schibsted ups stake
The Local · 19 Dec 2004, 17:47
Published: 19 Dec 2004 17:47 GMT+01:00
"The ownership of TV4 is a natural expansion of Schibted’s position in Sweden," said Schibsted President Kjell Aamot after announcing that they had acquired another 15 per cent of TV4.
Schibsted’s coup titillated the market and shored up the TV4 share by 12 per cent.
At the same time, TV4 faces the risk of being delisted from the Stockholm Exchange since its main owners - Bonnier (21.7%), Alma Media (23.4%), Schibsted (20.1%) and MTG (15.1%) together control more than 75 per cent of the shares.
"They no longer meet the criteria [on spread of ownership]," said Anders Ackebo, head of company and share price supervision at the Stockholm Stock Exchange. He added they would contact TV4 for more information before deciding whether to place the company on the watch list.
Taxes up by SKr 34 billion
This year’s tax assessment rakes in an additional 34 billion kronor for the state coffers, reports DI, adding that it is mostly private persons that have contributed to the increase in taxes.
Corporate bigwigs to supervise new ethics code
A group of top business personalities headed by Nordea Chairman Hans Dahlborg will supervise the rules under the new code of business ethics and conduct for public companies. This is one of the new features in the revised proposal hammered out by Erik Åsbrink’s Commission on Business Confidence, which will be submitted to Justice Minister Thomas Bodström tomorrow. Dahlborg will head the staff that will include Kerstin Hessius of the Third AP Fund, Patrick Tigerschiöld of Skanditek and Lars-Erik Forsgårdh of the Swedish Association of Share Investors.
Burdarás ups stake in Carnegie
Icelandic investment group Burdarás has acquired another 2.1 per cent of the shares in Carnegie, raising its total holding in the Swedish investment banker to 20 per cent.
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