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Swedish companies shun foreign ownership

TT/The Local · 31 Dec 2009, 10:36

Published: 31 Dec 2009 10:36 GMT+01:00

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Almost seven out of ten heads of industrial companies think that Swedish corporations should be owned and managed domestically, reports financial daily Dagens Industri (DI).

The survey of 100 Swedish business leaders was conducted by analysis firm United Minds.

But Pontus Braunerhjelm, managing director of the Swedish Entrepreneurship Forum (Entreprenörskapsforum) and economics professor at the Royal Institute of Technology (KTH) in Stockholm, rejected the notion that Swedish ownership was inherently more desirable.

Story continues below…

“It's an expression of a kind of nationalism. Foreign owners facilitate the spread of knowledge and diversity,” he said.

TT/The Local (news@thelocal.se)

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Your comments about this article

11:09 December 31, 2009 by bjinger
Foreign owners facilitate the spread of knowledge and diversity..., that's true.

Those countries that have successfully attacted foreign investments and capital are economically prosperous.
11:55 December 31, 2009 by Bensonradar
Foreign industrial groups that own Swedish companies send the profits back to their home countries. I think that is one reason Swedish companies remain sceptical about them.

Braunerhjelm's "...expression of a kind of nationalism" is true, but Swedes prefer to see their own companies perform successfully under Swedish management. Companies that do not perform, close down, and that is a fact of life in commerce.

By the way, talking of commerce, at the top of the pages is Gourmetresa till Azorema advert by Solresor.se. Nice photography, but would it be a good idea to translate the copy into English when you click through to the main advertising copy?
12:12 December 31, 2009 by krigeren

Their 3rd party ad server is not that advanced yet. Location and language are integrated parameters for Sweden....For Canada you get two language choices.
12:32 December 31, 2009 by calebian22
And nationalism is wrong, why?
13:04 December 31, 2009 by Mr B
Maybe you confuse nationalism with patriotism!
13:41 December 31, 2009 by skatty
This is a typical Swedish method of analyzing to prove any thing is upside down.

All the evidence shows that actually foreign investors are skeptical to own Swedish companies; otherwise Saab and Volvo wouldn't be worry about their future and could be sold easily!
14:06 December 31, 2009 by Bender B Rodriquez
@skatty. The reason Saab and Volvo aren't sold easily has nothing to do with their location; it has to do with their profitability. Remember that neither SAAB nor Volvo Cars are Swedish anymore...

GM and Ford had no doubts when they invested in SAAB and Volvo Cars. Sony had no reluctance investing in SonyEricsson. Zeneca had no problem merging with Astra. Brown Boveri had was no skeptical when merging with ASEA. Volkswagen were thrilled to invest in Scania. EA Games had no problem buying Dice, etc, etc.
16:31 December 31, 2009 by skatty

In the first paragraph, it says "Swedish companies remain skeptical about foreign ownership," then why foreign investors own the companies you mentioned, if Swedes were skeptical? I mean the article sounds like Swedes are doing a favor to foreign investors to sell their companies to them! They are skeptical but they sell their companies, sound ridicules.

Swedes sell their companies because they have to, they can't run their business and look for investors. As far as I remember most of the companies you mentioned where on the edge of misery and looked for foreign investors, and are owned by foreign investors now.

If any thing should be skeptical in here, it's for they who invest; they who are for sell have nothing to lose, they are already a loser!
10:36 January 1, 2010 by jose_s
Was there this much commotion when SAAB or VOLVO were sold off?
16:14 January 1, 2010 by Bender B Rodriquez
@skatty: I know what the article says and I'm not arguing with that. However, YOU wrote:

"All the evidence shows that actually foreign investors are skeptical to own Swedish companies"

A statement that is made out of thin air...
19:14 January 1, 2010 by skatty

Yes, in this case (SAAB, VOLVO) have been skeptical for investors. Anyway neither SAAB nor VOLVO are Swedish owned, so let keep Swedes out of the trouble of skepticism.
19:44 January 1, 2010 by zeulf
Knowing a bit about the mentality of the Detroit Auto Companys, I think that both want to own the Reputation for Safety and "Quirkyness" that both SAAB and Volvo

have/had. There is a certain competative nature about owning, " I have it and You do not". Look at the extent to which Ford went in the 60s to beat Ferarri at Lemans,

Just because Enzo backed out of a deal to sell to Ford. Just Schoolground Politics.

Rodger Smith once said " We are not in the business of making Automobiles but in the business of making Profits". The Best leadership is there 12 hours a day and cares about the People, Products and Customers.
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