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.
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