Sweden to raise 150 billion kronor from state sell-offs
Louis Roper · 16 Oct 2006, 19:09
Published: 16 Oct 2006 19:09 GMT+02:00
The proceeds will be used to reduce the national debt.
No details were offered regarding which companies were top of the sales list. However, in the run-up to the election, Telia Sonera, Nordea, SAS, SBAB, Vin & Sprit and Vasakronan were mentioned as early contenders.
"The government's view is that a sales volume of 50 billion kronor per year over the next three years is a reasonable forecast," said the government in its proposal.
The government was at pains to stress that the point of the sell-off was not simply to generate some quick cash:
"Privatisation ought to take place with a view to creating better conditions for the businesses to grow and to contribute to a positive development of employment."
In a press release, Minister for Industry and Trade Maud Olofsson said that the state should only remain as the owner of a business when there were powerful reasons for it.
"A sale of a state owned company must take place with great consideration of taxpayers' money and it is therefore important that privatisations happen in a responsible fashion," said Olofsson.