REVERSAL OF INSURANCE FUNDS FROM SPP

, Published
29/10/1999 15:37:00

The Swedish life- and pension insurance company SPP, has informed their clients they will receive a one-off reversal of funds. Several fully or partly owned companies in the Schibsted group will have allocaion of funds. For Aftonbladet the amount is SEK 61 millions, for Svenska Dagbladet SEK 70 millions and for Tidningstryckarna AB SEK 5 millions. In addition there will be allocations to several smaller Schibsted owned companies amounting to a total of approximately SEK 3.6 millions. How and when the funds are available as well as tax and accounting issues, are not yet clarified by SPP. More information about this matter is to be found at www.spp.se.