BILLIONAIRE KARL HEDIN TO SUE THE SWEDISH STATE

Swedish forestry magnate Karl Hedin is to sue the Swedish state for 8,3 million SEK following his acquittal from illegal poaching charges. Hedin was arrested and under detention for four months as well as having his hunting rifles seized in 2018 for being suspected of illegal wolf poaching charges. He was acquitted in both the local district court and in Svea court of appeals of these charges. Yesterday, Hedin announced that he will sue the Swedish state for 8,3 million SEK as a result of this.

 FEMALE ENTREPRENEUR NETWORK TO START NORDIC-BALTIC INVESTMENT FUND

The Swedish female entrepreneur network Feminvest, led by Michaela Berglund. Is planning to start a 100 million SEK investment fund. The fund, Feminvest Ventures, will focus on Nordic and Baltic tech- and retail companies that are at least 50% owned by women. In this early stage, the planning is led by an invest committee with several distinguished women entrepreneurs from Sweden, including Pernilla Nissler, former CEO of Swedish e-commerce company Blocket, and Marianne Österlund, who has worked at Goldman Sachs.

HIGH SWEDISH INTEREST FOR FINNISH PRESIDENTIAL ELECTION

This past Sunday, the Finnish people voted in its first round of the presidential election to select the successor of popular incumbent Sauli Niinistö. An election that has been given an unusual amount of interest in Sweden. This is according to many analysts a result of the joint Swedish-Finnish NATO process. In this Sunday’s first round, the winner was former prime minister and former EIB vice president Alexander Stubb at 27%, followed by former minister of foreign affairs Pekka Haavisto at just below 26%. Since no one of the nine participating candidates received over 50%, Stubb and Haavisto will face each other in a final runoff on February 11th. Most analysts view Stubb as the favorite to win the presidency and succeed Sauli Niinistö on March 1st.