Nordic Stocks: Aker Solutions, KappAhl, REC, UPM-Kymmene, Volvo

The Stoxx Nordic 30 Index, the benchmark measure for the region, fell 0.1 percent to 7,610.37 in Stockholm, snapping an eight-day streak of advances.

The OMX Stockholm 30 Index (OMX) decreased 0.2 percent and the Copenhagen 20 Index (KFX) fell 0.4 percent. Norway’s OBX Index rose 0.5 percent, while the OMX Helsinki 25 Index (HEX25) increased 0.4 percent.

The following shares were among the most active in Nordic markets today. Symbols are in parentheses.

Aker Solutions ASA (AKSO) gained for a fifth day, adding 4.3 percent to 101.50 kroner. Norway’s largest engineering company said Jacobs Engineering Group Inc. agreed to buy several Aker Solutions units for an estimated $675 million to expand its metals and mining business.

GN Store Nord A/S (GN) rose the most among the companies in Denmark’s Copenhagen 20 benchmark measure today, adding 1.3 percent to 49.45 kroner. The company sued German antitrust regulators for 1.1 billion euros ($1.44 billion) for blocking the 2007 sale of its hearing-aid unit to Sonova Holding AG.

KappAhl Holding AB (KAHL) fell the most since April 2009, dropping 12 percent to 45.50 kronor. The clothing retailer with 360 stores in Sweden, Norway, Finland, Poland and the Czech Republic said profit in the three months through November dropped to 95 million kronor from 178 million kronor a year earlier. The company is “not pleased” with its performance and is “preparing actions to recapture its position” in the fashion market, it said.

Renewable Energy Corp. ASA (REC) rose for a second day, adding 2.3 percent to 18.66 kroner. The maker of solar-energy components said it has signed a two-year multicrystalline wafer sales contract with an Asian cell and module producer. Under the agreement, REC will deliver wafers worth approximately 1.2 billion kroner ($200 million).

ScanArc ASA (SCAN NO) jumped the most on record, surging 54 percent to 6 kroner. The company, which recovers energy and zinc oxide from electric arc furnace dust, said its board has started to evaluate strategic options. The company will review all options, including a sale of assets or partnerships.

UPM-Kymmene Oyj (UPM1V) and other Nordic paper companies rose after Handelsblatt reported that Scandinavian paper makers have asked publishers to pay about 20 percent more for their product, citing Joerg Laskowski, head of Germany’s publisher-industry association.

UPM-Kymmene rose 3.7 percent to 13.23 euros, Stora Enso Oyj (STEAV) added 1.5 percent to 7.59 euros, while Norske Skogindustrier ASA (NSG) gained 4.5 percent to 13.95 kroner.

Volvo AB (VOLVB) rose for a third day, gaining 2.8 percent to 117.40 kronor. Volvo’s namesake brand increased its share of the U.S. market to 13 percent in October and November after deliveries increased “strongly,” Dagens Industri said today, citing Dennis Slagle, head of Volvo’s U.S. unit. Volvo should maintain its increased market share, Slagle said, according to the paper.

To contact the reporters on this story: Christian Wienberg in Copenhagen at; Niklas Magnusson at

To contact the editor responsible for this story: David Merritt at

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