Sweden appoints advisers for TeliaSonera stake sale

Sweden’s government has appointed investment banks UBS and Deutsche Bank to advise it on the planned sale of part of its 45.3% stake in national PTO TeliaSonera, according to the Financial Times. Despite the news, the government insisted yesterday that no deal was imminent. The state’s holding is worth around SEK124 billion (USD18.3 billion), and the planned sale forms part of a privatisation programme involving six companies earmarked for sale in the short-term.