SIBA CEO says investment in NetOnNet to be regarded as financial

Nordic Business Report-July 31, 2006-SIBA CEO says investment in NetOnNet to be regarded as financial
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The CEO of Swedish home electronics retail chain SIBA, Fabian Bengtsson, has commented on SIBA's recent investments in its competitor, the online home electronics retailer NetOnNet AB, saying that the share acquisitions are to be regarded as a financial investment.

According to a brief statement published by NetOnNet Bengtsson has met with NetOnNet's founder and CEO Anders Halvarsson to discuss the situation.

Halvarsson said that his ambition remains to keep NetOnNet an independently listed company.

Over the past few weeks SIBA has become NetOnNet's third largest shareholder.

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