By Dominic Chopping


STOCKHOLM--Swedish heating technology company Nibe Industrier AB said Monday it has decided to end the process of evaluating a potential bid for Fujitsu General Ltd.

Nibe said last month that it was considering making an acquisition of all or a majority of the Japanese company.

Shares rose 3% Monday to 107.30 Swedish kronor ($10.22) after the news.


Write to Dominic Chopping at dominic.chopping@wsj.com


(END) Dow Jones Newswires

03-20-23 0717ET