Saturday, March 29, 2008

Sweden Will Cut Vin & Sprit Short-List to Two Bidders, SvD Says

Sweden's government will reduce the number of bidders for Absolut vodka maker Vin & Sprit AB to two within the next few days, Svenska Dagbladet reported without saying how it obtained the information.

The government will then negotiate with the two bidders over the coming week, Stockholm-based SvD said. The most likely finalists are the group containing Nordic Capital and Fortune Brands Inc. and the Investor AB, EQT Partners AB and Fourth AP- Fund group, the newspaper said.

Mia Widell, a spokeswoman for Financial Markets Minister Mats Odell, didn't immediately answer telephone calls today.

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