Sweden News

Sampo Withdraws Storebrand Offer

Confirming previous reports (See IJ Website Sept. 24), Sampo, the Finnish banking and insurance group, yesterday confirmed that it was...

Sampo Confirms Bid For Storebrand, If

Finland’s Sampo Insurance PLC confirmed expectations yesterday with a $2.28 billion bid for Norway’s Storebrand, a 31 percent premium over...

If Notes Rated

A “BBB+” subordinated debt rating was assigned to the 200 million notes, due 2021, issued on March 16 by If...

SKANDIA TO REDUCE U.S. STAFF

Sweden’s Skandia Group announced staff reductions in its U.S. subsidiary, American Skandia. The company will eliminate 150 positions—about 13 percent...

Skandia Posts Strong Sales Gains

Sweden’s Skandia Insurance reported record sales for the year 2000 of SKr 197.7 billion ($20.9 billion) from growth in all...