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Johannes Hellstrom

Nordea names former Handelsbanken boss as new CEO

05 Sep 2019

STOCKHOLM/HELSINKI Finland's Nordea on Thursday named Frank Vang-Jensen, head of personal banking at the Nordic region's biggest bank, as its new chief executive, who pledged to keep a close eye on costs at the group.

Swedish buyout firm EQT launches IPO to aid global growth

02 Sep 2019

STOCKHOLM/LONDON Sweden's EQT Partners confirmed plans to list in Stockholm on Monday as the private equity firm, one of Europe's biggest, seeks to expand and lock horns with larger global competitors.

Swedbank names frontrunner Henriksson new CEO in bid to rebuild trust

29 Aug 2019

STOCKHOLM Swedbank has named Jens Henriksson, the head of insurer Folksam as chief executive officer, as the lender tries to rebuild confidence after a money-laundering scandal.

Airbag maker Autoliv revs up cost cuts to counter car market slump

19 Jul 2019

STOCKHOLM Sweden's Autoliv said it would step up cost cuts as the car safety equipment maker became the latest casualty of a deteriorating auto industry to lower its 2019 sales growth and profit margin expectations.

Bearings maker SKF's profit falls, reassures on Chinese autos

17 Jul 2019

STOCKHOLM Swedish bearings maker SKF forecast stable demand for its main industrial business in the third quarter and cited unexpected signs of improvement in the battered Chinese car market, spurring a 4% rise in shares.

Activist Cevian wants more focused CRH, says stock could double

28 Jun 2019

STOCKHOLM Irish cement maker CRH needs to press ahead with extensive structural improvements, activist shareholder Cevian told Reuters, adding that the company could double in value in the next three to five years if it does so.

Nvidia boosts self-driving AI business with Volvo trucks deal

18 Jun 2019

STOCKHOLM Sweden's AB Volvo is joining forces with Nvidia Corp to develop artificial intelligence used in self-driving trucks, in a boost for the U.S. chipmaker that was dropped by Tesla Inc last year.

Sweden's Northvolt raises $1 billion to complete funding for mammoth battery plant

12 Jun 2019

STOCKHOLM Automakers Volkswagen and BMW are among the investors in Europe's biggest lithium-ion battery plant, Sweden's Northvolt said on Wednesday after it raised $1 billion in equity capital to complete funding for the facility.

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