SWEDEN: EVERYTHING MUST GO

Good news for Brown-Forman, Beam Global, A-B and Pernod among others. The Swedish government has made it official by announcing that V&S Group, owner of Absolut vodka, will be among the six state-controlled companies the government plans to offload. After coming into power in September, the center-right government announced today (Dec. 14) its plans to sell V&S, while insisting there was no new details on the actual privatization.

When will it take place? Unfortunately, no timeframe was given. Before the sale can actually take place, the Swedish government will need to get the approval from the country’s parliament.