SWEDISH GOVERNMENT: FOREIGN INVESTORS WELCOME
The newly elected Swedish premier Fredrik Reinfeldt said foreign investors were welcome to take part in the country’s imminent disposal of multi-billion dollar state holdings.
“I am not ruling anyone out,” Reinfeldt told the Financial Times.
His statements were made as his center-right alliance prepares their initial phase of sell-offs of stakes in banking, telecommunications and airlines. Reinfeldt has made it clear each sale will be treated differently according to its needs, and that no Swedish jobs will be lost unnecessarily.
Of course, the sell of V&S, maker of Absolut vodka, has been one of the major issues plaguing the alcohol beverage industry this year. Who will get it? Constellation, A-B, Pernod Ricard and Beam Global Spirits & Wine have all expressed interest, with Beam showing the closest ties to V&S. Not only are Beam and V&S members of the Maxxium alliance in Europe and Asia, but Beam also distributes Absolut in the U.S. through their joint-venture, Future Brands.
“I am not ruling anyone out,” Reinfeldt told the Financial Times.
His statements were made as his center-right alliance prepares their initial phase of sell-offs of stakes in banking, telecommunications and airlines. Reinfeldt has made it clear each sale will be treated differently according to its needs, and that no Swedish jobs will be lost unnecessarily.
Of course, the sell of V&S, maker of Absolut vodka, has been one of the major issues plaguing the alcohol beverage industry this year. Who will get it? Constellation, A-B, Pernod Ricard and Beam Global Spirits & Wine have all expressed interest, with Beam showing the closest ties to V&S. Not only are Beam and V&S members of the Maxxium alliance in Europe and Asia, but Beam also distributes Absolut in the U.S. through their joint-venture, Future Brands.
posted at 1:27 PM
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