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The Administrative Court of Appeal in Stockholm has in a ruling
dated April 11, 2013 repealed the Swedish tax authority
Skatteverket's ("Skatteverket") review decision of FinnvedenBulten
AB (publ) ("FinnvedenBulten") tax loss carryforwards and grants
that FinnvedenBulten is entitled to reimbursement for costs
associated with the process.
The solar energy industry has
undergone a dramatic deterioration, which has had a very negative
impact on SiC Processing and its customer base.
SafeRoad has over the last years made several add-on
acquisitions abroad, which have led to a subsequent build-up of
head office functions in Oslo. Following this, Jon Erik Engeset,
the President and CEO of SafeRoad, has had to commute between Ørsta
and Oslo on a weekly basis. For private reasons, he has now decided
to seek new opportunities closer to his home.
The Automotive Components division of GAZ Group, which is
Russia's largest manufacturer of commercial vehicles, and
FinnvedenBulten announce today that they have signed a final
agreement to form a company for manufacturing fasteners at GAZ
Group's plant Gorky Automobile Plant. FinnvedenBulten thereby
establishes its first production facility in Russia.