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Swedes, Estonians buckle up together

Jul 15, 1999
By Kairi Kurm

TALLINN - With an idea to gain access to the Russian market, Sweden's automotive safety system producer Autoliv Inc. is set to buy half of Estonian car-belt manufacturer Norma's shares.The two enterprises signed a memorandum of understanding July 6, under which Autoliv will acquire up to 50 percent of Norma's shares.Estonia's Norma, a dominant seat belt supplier to the Russian vehicle industry, has been one of Autoliv's licensees and is currently a components supplier to the Swedish company."Now ...

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