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BUSINESS
May 26, 1994 | From Times Staff and Wire Reports
Sweden to Raise $1.3 Billion in Stock Sale: The government said it will sell as many as 82.2 million shares in the state-owned pharmaceuticals company Pharmacia, a maximum 47.5 million to domestic investors, to bring in $1.3 billion, the Financial Times reported. The remaining shares will be sold to international investors, raising foreign ownership in the company to more than 15%, from 6%. The government said it will keep 10.1% of the company's voting shares.
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BUSINESS
May 26, 1994 | From Times Staff and Wire Reports
Sweden to Raise $1.3 Billion in Stock Sale: The government said it will sell as many as 82.2 million shares in the state-owned pharmaceuticals company Pharmacia, a maximum 47.5 million to domestic investors, to bring in $1.3 billion, the Financial Times reported. The remaining shares will be sold to international investors, raising foreign ownership in the company to more than 15%, from 6%. The government said it will keep 10.1% of the company's voting shares.
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BUSINESS
February 14, 1989 | From Reuters
When a prototype of Sweden's newest jet fighter recently skidded off the runway and somersaulted on landing, the accident rekindled debate over whether a small nation could fund such a big military project. Already running 2 years behind schedule amid huge cost overruns, the crash near the Saab-Scania factory at Linkoping in southern Sweden further delayed the JAS-Gripen project, although by how long no one is yet able to say.
BUSINESS
February 14, 1989 | From Reuters
When a prototype of Sweden's newest jet fighter recently skidded off the runway and somersaulted on landing, the accident rekindled debate over whether a small nation could fund such a big military project. Already running 2 years behind schedule amid huge cost overruns, the crash near the Saab-Scania factory at Linkoping in southern Sweden further delayed the JAS-Gripen project, although by how long no one is yet able to say.
NEWS
February 17, 1990 | From Times Staff and Wire Reports
Sweden's political crisis worsened when Finance Minister Kjell-Olof Feldt, who tried to trim a lavish welfare state with free-market policies, resigned amid efforts to form a new government. Feldt's announcement in Stockholm followed the resignation Thursday of Prime Minister Ingvar Carlsson's Social Democratic minority government, defeated in Parliament over an economic austerity package.
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