NORDIC STOCKS - Factors to watch on Sept 30
The following stocks may be affected by newspaper reports and other factors on Wednesday:
SAAB
The ailing Swedish car firm, being sold by General Motors, may not get the full 4.3 billion Swedish crown ($611.8 million) loan it has asked for from the European Investment Bank (EIB), daily Dagens Industri wrote, quoting an unnamed source.
The loan is key to plans by luxury car maker Koenigsegg to buy Saab, but the EIB is doubtful whether some of the group's projects to develop environmentally friendly technology are within its remit for lending.
The Swedish banking group said late on Tuesday it would inject more capital into its operations in Lithuania and Latvia due to rising bad loan provisions.
SEB spokeswoman Viveka Hirdman-Ryrberg said the bank made 5.95 billion Swedish crowns ($846.6 million) of loan loss provisions in the first half of the year due to the global financial crisis. Around 4.3 billion crowns of this relates to operations in the Baltics. That's why we are providing more capital, Hirdman-Ryrberg said.
(Additional reporting by Copenhagen, Oslo and Stockholm newsrooms)
($1=7.028 Swedish Crown)
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