Latest Scandinavian Financing News

EQT closes Mid Market Asia III fund on vibrant market

EQT (a leading investment firm from Sweden) in early May announced the successful closing of the EQT Mid Market Asia III fund with total commitments of USD 800 million. The fund is backed by a global blue-chip investor base, including pension funds, insurance companies and fund-of-funds. The commitments are globally distributed with approximately 48% from…

Swedish Stena invests in debt collection company Collectius

Collectius, a Swedish-Singaporean debt collection and receivables acquisition company with close to 20 years of experience in the South East Asian region, has announced the conglomerate Stena as its new investor, making a multimillion dollar equity injection and increases its commitment through a credit line. Being one of the largest family-owned companies in Sweden Stena…

OW Bunker’s top management was misled by the Singapore boss

The head of the subsidiary Dynamic Oil Trading is sentenced to prison for losses of 90 million dollars. The top of the OW Bunker Group was not aware of the huge risks, which were hidden in the bookkeeping, the court in Denmark states. The bankrupt of the OW Bunker Group in 2014 has led to…

Marcus Wallenberg to hold business talk in Singapore

The European Chamber of Commerce, Singapore (EuroCham) and the Swedish Chamber of Commerce, Singapore (SwedCham) have announced the inaugural Schuman Business Talk, kicking off with one of the most prominent business leaders from Sweden as Guest of honour and key-note speaker: Mr Marcus Wallenberg of Sweden! Registration for the event that takes place on 3…

Danish business minister Brian Mikkelsen, delegation visited the Philippines

A Danish delegation headed by The Danish Minister for Industry, Business and Financial Affairs, Brian Mikkelsen has visited the Philippines. Along the minister, the Confederation of Danish Industry, Healthcare Denmark, State of Green, The Danish Agriculture & Food Council, Food Nation and the Danish Embassy in Manila participated during 7 – 9 May 2018. The…

Singapore, Denmark tops Ease of Doing Business report 2018

Singapore and Denmark are in the top 3 ranking of being the best countries to do business in in 2018, according to the World’s Bank Doing Business Report 2018. The report hovers around certain aspects of starting and managing a business and then ranks countries based on the score in these certain cathegories such as…

Nordea Bank navigates the highly regulated markets, the do’s, don’ts in Asia

Nordea Bank’s General Managers in China and Singapore talk to ScandAsia about how they navigate the many regulatory challenges and the importance of being on top of things to serve their customers well in a diverse region. Mr Stefan Westergren has headed Nordea Bank’s Shanghai branch for the past three and a half years, looking…

Jan Stjernström, SEB: “Significant growth happening in Asia”

SEB Large Corporates & Financial Institutions has an impressive track record and is today an established player in the global arena. Its presence in Asia is comprehensive, covering an area from India to New Zealand, and supported by some 200 team members including Greater China. Back in the Nordics the bank has been contributing to…

Indonesia and Malaysia among the world’s worst debt collectors

In a recently published report by analyst firm Euler Hermes, Indonesia and Malaysia ranks as some of the worst countries in the world to collect debt, based on the complexity of debt collecting. The analysis looks at several parameters such as local court proceedings and local payment practices for fifty countries, gave them a score…