GOTEBORG, Sweden, Sept. 26, 2002 (PRIMEZONE) -- In an advance ruling, the Supreme Administrative Court has confirmed the National Tax Board's earlier decision that Bure can carry out asset management in the parent company without it affecting Bure's status as an investment company. This applies irrespective of how frequently Bure renews its market portfolio.
This ruling is, in principle, highly relevant to the two lawsuits relating to the 1998 and 1999 financial years. The tax authority questions if, Bure fulfilled the criteria for an investment company during these years.
Bure is awaiting information from tax authority's answer relating to its continued handling of these matters.
For further information, please contact:
Peter Sandberg, President +46 31-708 64 20
Benny Averpil, Chief Financial Officer +46 31-708 64 40,
+46 63-708 54 07
Irene Axelsson, Head of Corporate Communications +46 31-708 64 47,
+46 706-32 81 83
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The following files are available for download:
http://www.waymaker.net/bitonline/2002/09/26/20020926BIT00750/wkr0001.doc http://www.waymaker.net/bitonline/2002/09/26/20020926BIT00750/wkr0002.pdf