* Infrastructure specialist posted 2012 sales above $200 mln
* Interest expected from larger peers
* Investors eye possible Nordea Bank share sale
By Sven Nordenstam
STOCKHOLM, March 15 Sweden's centre-right
government has lined up investment bank Carnegie and law firm
Vinge as advisers for a sale of state-owned Vectura Consulting,
a source with knowledge of the matter said on Friday.
Marketing information on the transport infrastructure
consultant, which had sales of about 1.3 billion Swedish crowns
($202 million) last year, is expected to be sent to potential
buyers in mid-April, the source said on condition of anonymity
because he was not authorised to speak publicly about the
Carnegie, Vinge and Swedish Financial Markets Minister Peter
Norman declined to comment.
The sale of Vectura begins amid growing speculation that the
government, which has pushed a privatisation agenda since it was
first elected in 2006, could move to sell some of its much more
valuable stake in Nordea Bank.
The speculation has come after Nordea's share price rose
above the level at which the government last sold some of its
shares in 2011. The government then sold 6.3 percent of Nordea
to institutional investors at 74.5 crowns a share to raise 19
billion crowns ($3 billion). The shares stood at 74.95 crowns at
Other large privatisation attempts, such as the sale of a
stake in telecoms group TeliaSonera and power company
Vattenfall, have been blocked by parliament.
Vectura was expected to attract interest from larger
industry peers, among them listed Swedish consultancies Sweco
and AF, rather than private equity firms,
the source said.
Another company in the same field as Vectura is WSP Group,
acquired by Canada's Genivar last year.
Based on the valuations of Sweco and AF, the value of
Vectura would be more than 500 million crowns.