FACTBOX-Swedish privatisation plans as elections near

Tue Sep 14, 2010 2:46pm GMT
 

Sept 14 (Reuters) - Opinion polls ahead of Sweden's Sept. 19 elections suggest Prime Minister Fredrik Reinfeldt's centre-right coalition will retain power, setting the stage for a renewed push on sales of state equity assets.

This would put major stakes in blue chips such as bank Nordea (NDA.ST: Quote) and TeliaSonera (TLSN.ST: Quote) on the market with the proceeds denting the supply of Swedish government debt.

But a win for the Social Democrat-led opposition, trailing in opinion polls though often by a small margin, would effectively shelve privatisation plans for the coming years.

Following are key facts on Swedish state equity holdings and privatisation plans. (For analysis, click on [ID:nLDE682148])

* Prime Minister Fredrik Reinfeldt's centre-right government has said it will push ahead with sell-off plans halted by the global financial crisis if it is re-elected, pencilling in privatisation proceeds totalling 100 billion Swedish crowns ($14 billion) in the four-year term of office ending in 2014.

* The centre-left opposition bloc, led by Social Democrat Party Chairwoman Mona Sahlin, has said it does not see any asset sales should it win elections. An exception would be made should a suitable buyer emerge for troubled Scandinavian airline SAS (SAS.ST: Quote), in which Sweden owns an 21.4 percent stake.

  Continued...

Market Update

  • Africa
  • US
  • Europe
  • Asia
UK £ USD =1.7003
Euro USD =1.3469
Rand USD =0.0952