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Sweden's Capio to acquire Spanish hospital group

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12:49 CET+01:00
Healthcare provider Capio is to acquire the Spanish IDC hospital group for 3 billion crowns. IDC is Spain's largest privately owned healthcare group with 12 hospitals, one of which is the university hospital in Madrid.

As a result of the acquisition Capio not only gains a foothold on the Spanish market but Spain together with Britain will become Capio's largest market.

Capio's share price rose by 6 per cent to close at 90.25 crowns following the announcement of the deal.

Saab to compensate customers

Saab Automobile is to compensate all its customers who have had engine problems as a result of “faulty construction” in the Saab 9-5 and old 9-3 models between 1998 and 2003.

Compensation will be retrospective and will include an eight-year engine guarantee where all costs incurred by the customer will be reimbursed.

Christmas trading tops 50 billion crowns

Swedes spent more than 51.1 billion crowns in December, twice as much as the Swedish Research Institute of Trade (HUI) had forecast.

Retail sales, excluding Systembolaget and Apoteket, rose by 4.8 per cent in December, measured in current prices.

Grocery chain Axfood saw turnover rise by a mere 0.6 per cent to 33,8 billion crowns in 2004 with a net operating profit of 1,008 million crowns.

Low price chain Willy's reported a 12 per cent increase in sales during the year although sales in the small stores Willy's Hemma and Hemköp declined.

Mobile producer Nokia surprised the market on Thursday by announcing that it had a 34 per cent market share during Q4. The Finnish group posted a pre-tax profit of 13.3 billion crowns for Q4 – almost 2 billion crowns more than the market had expected.

Sources: Dagens Nyheter, Svenska Dagbladet, Dagens Industri

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With an experienced team of in-house translators, Beck specialises in translating from Swedish into English in such areas as finance and economics, marketing and advertising, biotechnology, the environment, quality, and personnel & administration.

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