SKANDIA INTERNATIONAL BUYS STAKE IN NEVI BALTIC
<Skandia International Holding AB>,
the overseas offshoot of Swedish insurance group Forsakrings AB
Skandia <SKDS.ST> said it was buying a 29.9 pct share in the
London-quoted property and financial services company <Nevi
Baltic Plc>. No financial details were given.
    Nevi Baltic, with a 1986 turnover of 20 mln stg and total
assets of 70 mln stg, is controlled by Norwegian finance
company <Nevi AS> which will retain a 30.1 pct stake in the
British unit, Skandia said in a statement.
    The deal is subject to formal approval from the Swedish
central bank, the statement added.
 REUTER

