Finland to sell more TeliaSonera shares next year

13 Aug 2013

Finland’s government is lining up a sale of part of its stake in Scandinavian telecoms group TeliaSonera next year, Mikael Jungner, an adviser to the Finnish finance ministry, told Reuters yesterday. Following last week’s budget proposal in which the finance ministry advised the government to raise EUR490 million (USD652 million) through stock sales, stakes held via state investment fund Solidium in TeliaSonera (11.7% – valued at EUR2.8 billion) and insurance/investment group Sampo (14% – valued at EUR2.7 billion) have been earmarked for trimming, according to Jungner. The Finnish government sold a 2% stake in TeliaSonera in March 2012; the Swedish government is the largest shareholder in the telecoms group with a holding of 37.3%.

Sweden, Telia Company