• Sweden's news in English

Sweden has 'no time frame' for state sell offs

TT/The Local · 19 Oct 2010, 08:45

Published: 19 Oct 2010 08:45 GMT+02:00

Facebook Twitter Google+ reddit

The Alliance government has previously indicated that sales of holdings in firms such as Nordea, SBAB and Telia would be carried out during the mandate period, but Peter Norman on Monday adopted a more cautious tone.

"I have no time plan whatsoever for this," he said in an interview with the Dagens Industri (DI) daily.

The sales would raise an estimated 100 billion kronor ($15 billion) for state coffers. Norman told the newspaper that taxpayers' interests are the decisive factor in determining when to sell.

"It will have to take the time it takes," he said to DI.

Norman also explained that the competitive situation within the banking market is also important in deciding a suitable opportunity for sales of shares in Nordea and SBAB.

He also told the newspaper that he planned to study loan margins within the banking sector and conduct regular correspondence with the banks on consumer conditions.

"I want to be a thorn in the side of the banks. Sometimes they can earn money a little too easily," he said.

Story continues below…

Norman added that if the banks do not respond to encouragement then he was not averse to considering legislation.

TT/The Local (news@thelocal.se)

Facebook Twitter Google+ reddit

Your comments about this article

12:18 October 19, 2010 by Åskar
Thank you for not selling our shared property. Could you now regain what you stole during the last four years as well, please.
15:50 October 19, 2010 by Mb 65
This is the worse thing they could do. Haven't they learn' t anything from what has happened in England. Now they have nothing. It is not theirs to sell, they belong to the Swedish tax payer. Any idiot knows that you do not sell a company when it is making a good profit. The french will buy everything and then the prices will rocket.
16:19 October 19, 2010 by Great Scott
Good to see some common sense comments for a change.
16:29 October 19, 2010 by Kevin Harris
Can the three posters above offer us an explanation why the state of Sweden presently needs to own shares in a bank, a loan company and a telecommunications company?
16:41 October 19, 2010 by Åskar
Why not? If it's not broken, don't fix it!
17:08 October 19, 2010 by TomJones27
@Mb 65 Totally agree. This is one step from letting the crooks owning the country leaving the citizens with nothing.

Privatizing and deregulation has killed the US economy as they, the banksters, have gambled away all of the taxpayers savings and then were bailed out to continue the fraud. Now they want access to Social Security, i.e Privatization, so they can steal that as well.
17:38 October 19, 2010 by harrylatour
Please do not let the 'sharks' force your government to sell off their interests in these companys,,,look at what happened to us in GB,,''oh,the private sector knows best and it will be more efficient'',,,,,utter bollox!! lok at all the crap that our private sector Bankers have got us into.NO,,dont give it ALL away,,,always keep something safe from these bloody cowboys.
19:08 October 19, 2010 by Great Scott
@Kevin Harris

Seems that you are out numbered, why do you need an explanation, seems to me that that the posts spell it out.
07:46 October 20, 2010 by Kevin Harris
Er, no one has answered my question yet. #4
11:59 October 20, 2010 by Åskar
To quote Ingemar Stenmark: "It's no use explaining to someone who doesn't understand".
17:01 October 20, 2010 by facetedjewel

Attempt to be more porous. 'Understanding' in Sweden often travels through osmosis . . . and the sound waves of grunts. You're getting a bit of the old that's-just-the-way-do-things-around-here, and they're pulling your pud for the fun of it. Good times.

Also, more than likely, they don't have an answer either.
Today's headlines
Hundreds protest Swedish asylum laws
Around 1,000 people protested in Stockholm. Photo: Fredrik Persson/ TT

Hundreds of people on Saturday demonstrated in Stockholm and in many other parts of the country to protest Sweden’s tough new laws on asylum-seekers.

Dylan removes Nobel-mention from website
The American musician has more or less responded to the news with silence. Photo: Per Wahlberg

American singer-song writer Bob Dylan has removed any mention of him being named one of this year’s Nobel Prize laureates on his official website.

Refugee crisis
Asylum requests in Sweden down by 70 percent
Sweden's migration minister Morgan Johansson. Photo: Christine Olsson/TT

Sweden received 70 percent fewer requests for asylum in the period between January and September 2016 than it did during the same time last year, the country’s justice and migration minister Morgan Johansson has revealed.

The unique story of Stockholm's floating libraries
The Stockholm archipelago book boat. Photo: Roger Hill.

Writer Roger Hill details his journeys on the boats that carry books over Stockholm's waterways and to its most remote places.

Refugee crisis
Second Stockholm asylum centre fire in a week
The new incident follows a similar fire in Fagersjö last week (pictured). Photo: Johan Nilsson/TT

Police suspect arson in the blaze, as well as a similar incident which occurred last Sunday.

More misery for Ericsson as losses pile up
Ericsson interim CEO Jan Frykhammar presenting its third quarter results. Photo: Claudio Bresciani/TT

The bad news just keeps coming from the Swedish telecoms giant.

Facebook 'sorry' for removing Swedish cancer video
A computer displaying Facebook's landing page. Photo: Christine Olsson/TT

The social media giant had censored a video explaining how women should check for suspicious lumps in their breasts.

Watch this amazing footage of Sweden’s landscapes
A still from the aerial footage of Sweden. Photo: Nate Summer-Cook

The spectacular drone footage captures both Sweden's south and the opposite extreme, thousands of kilometres north.

Sweden could be allowed to keep border controls: EU
Police ID checks at Hyllie station in southern Sweden. Photo: Stig-Åke Jönsson/TT

Sweden could be allowed to keep ID controls on its border with Denmark beyond the current end date of November, following discussions among EU leaders in Brussels last night.

Why women in Sweden will work for free by November
File photo of a woman working in a Swedish office. Photo: Anders Willund/TT

A new study into the gender pay gap suggests Sweden still has some work to do.

Sponsored Article
This is Malmö: Football capital of Sweden
Fury at plans that 'threaten the IB's survival' in Sweden
Sponsored Article
Where is the Swedish music industry heading?
Here's where it could snow in central Sweden this weekend
Analysis & Opinion
Are we just going to let half the country die?
Blog updates

6 October

10 useful hjälpverb (The Swedish Teacher) »

"Hej! I think the so-called “hjalpverb” (auxiliary verbs in English) are a good way to get…" READ »


8 July

Editor’s blog, July 8th (The Local Sweden) »

"Hej readers, It has, as always, been a bizarre, serious and hilarious week in Sweden. You…" READ »

Sponsored Article
7 reasons you should join Sweden's 'a-kassa'
Angry elk chases Swede up a lamp post
Sponsored Article
Why you should 'grab a chair' on Stockholm's tech scene
The Local Voices
'Alienation in Sweden feels better: I find myself a stranger among scores of aliens'
People-watching: October 20th
The Local Voices
A layover at Qatar airport brought this Swedish-Kenyan couple together - now they're heading for marriage
Sponsored Article
Stockholm: creating solutions to global challenges
Swede punches clown that scared his grandmother
Sponsored Article
Swedish for programmers: 'It changed my life'
Fans throw flares and enter pitch in Swedish football riot
Could Swedish blood test solve 'Making a Murderer'?
Sponsored Article
Top 7 tips to help you learn Swedish
Property of the week: Linnéstaden, Gothenburg
Sponsored Article
How to vote absentee from abroad in the US elections
Swedish school to build gender neutral changing room
People-watching: October 14th-16th
Sponsored Article
'There was no future for me in Turkey'
Man in Sweden assaulted by clowns with broken bottle
Sponsored Article
‘Extremism can't be defeated on the battlefield alone’
Nobel Prize 2016: Literature
Sponsored Article
Stockholm: creating solutions to global challenges
Watch the man who discovered Bob Dylan react to his Nobel Prize win
Sponsored Article
Why you should 'grab a chair' on Stockholm's tech scene
Record numbers emigrating from Sweden
Sponsored Article
'There was no future for me in Turkey'
People-watching: October 12th
Sponsored Article
Where is the Swedish music industry heading?
The Local Voices
'Swedish startups should embrace newcomers' talents - there's nothing to fear'
Sponsored Article
Last chance to vote absentee in the US elections
How far right are the Sweden Democrats?
Property of the week: Triangeln, Malmö
Sweden unveils Europe's first elk hut
People-watching: October 7th-9th
The Local Voices
Syria's White Helmets: The Nobel Peace Prize would have meant a lot, but pulling a child from rubble is the greatest reward
Missing rune stone turns up in Sweden
Nobel Prize 2016: Chemistry
jobs available