The Swedish Food Workers' Union (livs) is preparing to meet the challenge of a potential private equity purchase of the government-owned Vin & Spirit AB (V&S), makers of famous Absolut Vodka.
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Findus, the former frozen foods division of Nestlé, was acquired in 2000 by the Swedish private equity firm EQT, which occupies position 21 in the global buyout fund rankings. Swedish Food Workers Union (Livs) journalists Gunnar and Malin Brulin recently interviewed the two union representatives on the Findus board. In the May issue of the Livs journal Mål & Medel, they tell a "hair-rising" tale of 6 years of asset stripping which brought the company to the brink of ruin…
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Private-equity groups have become powerful new owners of hotel properties as major international hotel chains continue to sell-off properties. In March 2007 Hilton Hotel Corp. sold off the 132-hotel Scandic Hotel chain (the largest hotel operator in the Nordic region) to a Swedish private-equity group, EQT, for US$1.1 billion.
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