Singapore increases shareholding in Sweden

The Singaporean state has so far injected EURO 110 million in the Stockholm stock exchange this year. Totally the island state has holdings in Swedish listed companies for more than EURO 750 million.
     “Sweden has extremely good conditions for biotechnology and IT companies, and offers more investment opportunities than its neighbors,” says Singapore’s ambassador to Sweden, Poh Huat Queq, in an interview posted at www.itsweden.com .
     The ambassador went on explaining that the Singaporean government is keen to channel venture capital to small and medium-sized companies that it believed offered potential for the Asian market.
     But lately, Singapore has also become one of the largest shareholders in the Swedish insurance company Skandia.

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