Global Capital Markets

Story: Skandia, the Swedish insurance company, is targeted by four other bidders besides South African Old Mutual, according to Dagens Industri citing unnamed sources. The paper reported that although Skandia did not inform the market of its future plans in conjunction with its half year report yesterday, Monday, sources say that that there are four other compnies that are interested in looking at the possibilty of an acquisition or merger with Skandia. The paper pointed to French Axa, UK company Prudential and Swedish Nordea as earlier mentioned possibilities. The paper also reported that acting managing director for Skandia UK has rejected speculation that the UK management was looking to acquire Skanida´s UK operations.

Source: Dagens Industri