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Finnish Companies Becoming Takeover Targets, Kauppalehti Reports

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Dec. 28 (Bloomberg) -- Finnish companies are shifting to specialization and niche markets to survive tough times, and that makes them takeover targets for global corporations, Kauppalehti reported today.

Narrowing focus jeopardizes growth and makes it hard for managers to broaden their professional skills, the Helsinki-based newspaper said, citing a survey of managers at 31 listed companies in Finland.

As a result, Finnish companies including Nokia Oyj, Kemira Oyj and Waertsilae Oyj have looked for executives abroad, Kauppalehti said.

To contact the reporter on this story: Kasper Viita in Helsinki at kviita1@bloomberg.net

To contact the editor responsible for this story: Christian Wienberg at cwienberg@bloomberg.net

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