Wallenbergs buy into Norwegian company
TT/The Local · 22 Jun 2007, 11:25
Published: 22 Jun 2007 11:25 GMT+02:00
Swedish aerospace and defence company Saab has bought a large shareholding in Norwegian company Aker Holding, which is the largest owner of Norwegian industrial company Aker Kvaerner.
Saab, controlled by Sweden's powerful Wallenberg family, is investing around 1.4 billion kronor in the holding company, giving it a 7.5 percent share. The Wallenberg's holding company, Investor is buying a further 2.5 percent of Aker Holding.
Aker Kvaerner provides technological and construction services to the oil and gas industry. Saab said in a statement on Friday that the deal depends on the approval of the Norwegian Parliament, likely to take place in the autumn.
Stefan Löfven and Haider al-Abadi during the visit on Monday. Photo: Henrik Montgomery/TT
Swedish Prime Minister Stefan Löfven has promised to double his country's number of troops in Iraq following a meeting with Iraqi counterpart Haider al-Abadi on Monday.
Should Swedes think fairtrade with porn? Photo: Karin Malmhav/SvD/TT
A fairtrade attitude to pornography would be beneficial, Sweden's health minister told The Local.
Presented by Stockholm University
Nordic fashion took centre stage in the Swedish capital last week as Stockholm University hosted the “first-ever” academic conference looking at luxury and sustainability in the fashion industry.
File photo of a referee holding a red card not related to the story. Photo: Stefan Jerrevång/TT
A football dad broke his leg in the brawl in front of 11-year-old kids after a Hammarby youth football game.
A couple of young bulls not related to the story. Photo: Jonas Ekströmer/TT
Dried cattle genitalia, goats' heads and hundreds of litres of lard were just a few of the many strange finds discovered when police raided a property in Sweden.
The most beautiful beard in Sweden. Photo: Memo Göcek
According to a jury of barbers and 'well known bearded profiles', that is.
Presented by Invest Stockholm
You might think it’s hard to make friends in a new city. But if at first you don’t succeed – try something else!
Swedish photographer Paul Hansen on another occasion. Photo: Fredrik Sandberg/TT
Photographer Paul Hansen thanked his lucky stars for surviving sniper fire while covering the battle for the Isis-held city of Mosul in Iraq.
Swedish Prime Minister Stefan Löfven meeting Saudi Arabia's Trade Minister Majid bin Abdullah Al Qasabi. Photo: Henrik Montgomery/TT
Sweden's Prime Minister Stefan Löfven has visited Saudi Arabia a year and a half after relations turned frosty in a major diplomatic row.
My Swedish Career
Scottish entrepreneur William Macdonald. Photo: Michael Campanella
Meet the web developer and entrepreneur using traditional Scottish ceilidh dancing to break the ice with Swedes.