Panel to oversee sales of Swedish companies

The Swedish government is to appoint a new committee to oversee the sale of shares in state-owned companies, Finance Markets Minister Mats Odell has announced.

The panel, composed of businesspeople, will be called to advise the government on how, when and under which conditions the government should sell its shares in state-owned enterprises.

The committee will review the analysis phase of the sales and the sales process itself. The chairwoman of the panel is Karin Forseke, advisor to Mats Odell and former CEO of investment bank Carnegie.

The government is planning to sell a number of companies currently wholly owned by the state, including Absolut Vodka maker Vin&Sprit, mortgage lender SBAB and property company Vasakronan. Government stakes in listed companies OMX, TeliaSonera and Nordea are candidates for sale.