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Sweden aims to trim government holdings

Nov. 29, 2006 at 5:59 PM

STOCKHOLM, Sweden, Nov. 29 (UPI) -- Sweden's new moderate government says it is resisting calls to continue economic protectionism as it sells vast government holdings.

Prime Minister Fredrik Reinfeldt said foreign investors were welcome to Stockholm's asset sales, the Financial Times said Wednesday.

"I am not ruling anyone out," Reinfeldt said of plans to sell stakes in banking, telecommmunications and airlines. "We are stronger on free trade than some other countries that sound as if they are building up national protection again," he said.

Reinfeldt hopes to raise $21.8 billion in the next three years via privatization sales.

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