Sweden's news in English

Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Swedish giants rush to snap up foreign firms

Share this article

13:45 CET+01:00
Large Swedish companies are buying up more and more foreign firms, according to a report published on Friday.

While the growth in purchases levelled off slightly in the final quarter of 2005, the number of deals for the year as a whole increased by 15% compared to the year before, reported accountancy firm Ernst and Young.

"We can see a clear trend of Swedish companies being more active abroad when it comes to public bids for major listed companies," wrote Ernst and Young, noting that a similar pattern had already been identified this year.

A majority of the transactions were carried out in the building and manufacturing industries, as well as within the financial sector.

Get notified about breaking news on The Local

Share this article

From our sponsors

How to work 9-5 and travel the rest of the time

A full-time job shouldn't stop you from satisfying your wanderlust. The Local spoke to Travel After 5 blogger Alline Waldhelm to find out her tips and tricks for travellers who only have 25 days of annual leave.