State-owned enterprises

SAS has announced that the company would like to convert debt corresponding to approximately SEK 20 billion into equity in the company. Against that background, the Swedish government has proposed in an additional amending budget that will be adopted today that the Riksdag authorises the Swedish government to convert the Swedish government’s existing state hybrid and the Swedish government’s outstanding loan facilities to shares in SAS. The measures require approval by the Riksdag and the European Commission.

The State is a significant company owner in Sweden. The portfolio of state-owned enterprises contains 46 fully and partially owned enterprises, of which two are listed. The State has a substantial responsibility to be an active and professional owner. The Government’s overall objective is for the enterprises to create value and, where applicable, to ensure that the specifically adopted public policy assignments are performed well.

The government parties, the Centre Party and the Liberal Party have agreed on supporting SAS to access liquidity equivalent to SEK 1.5 billion. This support from the Swedish State is subject to the European Commission’s approval of the measures and corresponding support from the Danish State.

The State is a significant company owner in Sweden. The portfolio of state-owned enterprises contains 46 fully and partially owned enterprises, of which two are listed. The State has a substantial responsibility to be an active and professional owner. The Government’s overall objective is for the enterprises to create value and, where applicable, to ensure that the specifically adopted public policy assignments are performed well.

On 30 June, SAS presented a plan for the recapitalisation of the company and a plan to accelerate its climate action, including the halving of emissions by 2030. The Government has the Riksdag’s mandate to participate in the recapitalisation on behalf of the Swedish State during 2020 to an amount not exceeding SEK 5 billion. The Government supports the plan that has now been put forward and the measures necessary for its realisation.

The Government adopted this ownership policy for state-owned enterprises on 27 February 2020. This policy replaces the previous ownership policy adopted on 22 December 2016. The Government’s principles for corporate governance, remuneration and other terms of employment for senior officers of state-owned enterprises and external reporting in state-owned enterprises form part of the State Ownership Policy.

The Government proposes that the Riksdag authorise the Government to take part on behalf of the State in a recapitalisation of SAS AB (SAS) with an amount totalling SEK 5 billion at most. SAS is important to meeting society’s fundamental needs in terms of accessibility by air travel in Sweden, Denmark and Norway. This authorisation means that the Swedish State will be given a mandate to take the measures necessary to enable the State’s participation in a recapitalisation of SAS. If the Swedish State is to take part in a recapitalisation, the Government will work to ensure that SAS sets new ambitious goals to reduce emissions. Participation of the Swedish State also requires approval by the European Commission.

The Government proposes a capital injection of SEK 3 150 million to Swedavia AB in the amending budget to be presented to the Riksdag today. This capital injection will enable the Government to guarantee a state aviation network with good accessibility throughout the country.

The Government proposes a capital injection of SEK 150 million to Lernia AB in the amending budget to be presented to the Riksdag today. This capital injection will give Lernia the conditions to strengthen its financial standing to be able to continue its activities in the area of adult education and staffing.

The State is a significant company owner in Sweden. The state company portfolio contains 46 wholly and partially owned companies, of which two are listed. The State has a substantial responsibility to be an active and professional owner. The Government’s overall objective is for the companies to create value and, where applicable, to ensure that the specifically adopted public policy assignments are performed well.

The State is a significant company owner in Sweden. The state company portfolio contains 47 wholly and partially owned companies, of which two are listed. The State has a substantial responsibility to be an active and professional owner. The Government’s overall objective is for the companies to create value and, where applicable, to ensure that specifically adopted public policy assignments are performed well.

On 12 January, the new Swedish Gender Equality Agency was inaugurated in Gothenburg, with speeches by Minister for Gender Equality Åsa Regnér, Director-General Lena Ag, County Governor Anders Danielsson and chair of the municipal executive board, Ann-Sofie Hermansson. The Agency will contribute to strategic, coherent and sustainable governance and effective implementation of gender equality policy.

The state is a significant company owner in Sweden. The state company portfolio contains 48 wholly and partially owned enterprises, of which two are publicly traded. The state bears a substantial responsibility to be an active and professional owner. The Government’s overall objective is for the companies to create value and, where applicable, ensure that specifically adopted public policy assignments are duly performed.

The Swedish Government adopted the following ownership policy for state-owned enterprises on 22 December 2016. The policy applies from 1 January 2017 and supersedes the previous ownership policy adopted in 2015. The Government’s guidelines for external reporting and guidelines for remuneration and other terms of employment for senior executives are included in the state’s ownership policy.

The state is a significant company owner in Sweden. The state’s company portfolio contains 50 wholly and partially owned companies, of which two are publicly traded. The state bears a substantial responsibility to be an active and professional owner. The Government’s overall objective is for the companies to create value and, where applicable, ensure that specifically adopted public policy assignments are duly performed.

On 18 April this year, the Government received a request from Vattenfall’s governing board for owner coordination regarding the sale of Vattenfall’s lignite operations in Germany. The transaction comprises the sale of the two companies that wholly or jointly own four lignite-fired power plants (Schwarze Pumpe, Lippendorf, Boxberg and Jänschwalde in Germany, located in the states of Brandenburg and Saxony), and the lignite mines that supply three of these power plants with fuel.

On Monday 8 February, Minister for Strategic Development and Nordic Cooperation Kristina Persson will take part in the World Government Summit 2016. Ms Persson has been invited to give a keynote address ahead of the launch of the global platform ‘Governance for the future’, where high-level representatives from around the world will gather to discuss challenges facing governance in the future.

The state is a significant company owner in Sweden. The state-owned company portfolio includes 49 wholly and partly owned companies, of which two are listed. The state bears a substantial responsibility to be an active and professional owner. For the government, the overall objective is for the companies to generate value and, where relevant, to ensure that public policy assignments are executed well.