Barring a sudden rush of disposals by the Wallenberg family, the biggest story in the Nordic capital markets this year is likely to be the Finnish privatization programme. Over Fmk20 billion ($3.6 billion) of assets are scheduled for sale in 1998. They include Neste and IVO, the state-owned oil and power companies which were merged earlier this year, Telecom Finland, Postipannki, the state-owned bank, as well as residual government stakes in Enso, the forestry group, and Helsingen Puhelin, the Helsinki Telephone company which was partially privatized last year.
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