Sweden's Nibe Industrier Considers Making Bid for Fujitsu General

By Dominic Chopping

STOCKHOLM--Shares in Nibe Industrier AB fell nearly 8% in early trade Tuesday after the company said it is considering making a bid for Japan's Fujitsu General Ltd.

Swedish heating technology company Nibe said it is considering a potential acquisition of all or a majority of Fujitsu General, but talks are at an early stage and there can be no certainty that any deal will be made or the terms of any such transaction.

At 1030 GMT, Nibe shares traded 6.5% lower at 109.65 Swedish kronor ($10.55). Fujitsu General shares closed at 3,815 Japanese yen ($28), valuing the company at JPY417.13 billion, or $3.06 billion.

Write to Dominic Chopping at [e-mail]

(END) Dow Jones Newswires

02-28-23 0620ET