Wednesday, May 2, 2007

Sweden to Sell 8 Percent of TeliaSonera, Worth $2.9 Billion, to Investors

(Bloomberg) -- Sweden will sell a 19.7 billion-krona ($2.9 billion) stake in telephone company TeliaSonera AB to institutional investors in the new government's first asset sale.

Deutsche Bank AG and UBS AG will manage the disposal of 8 percent of the Stockholm-based company, the biggest Swedish share sale in almost five years. Sweden will remain TeliaSonera's largest shareholder with a 37.3 percent stake.


Read more at Bloomberg Stocks News

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