NOBEL'S BOFORS TO SELL ITS SINGAPORE HOLDING

  Nobel Industries Sweden SA &lt;NOBL.ST>
  said its arms subsidiary, &lt;AB Bofors>, plans to sell its 40 pct
  stake in &lt;Allied Ordnance Co of Singapore Ltd> because of its
  part in weapons exports which contravene Swedish law.
      "The events we have uncovered are unacceptable and highly
  regrettable incidents in our company's history," Nobel chairman
  Lars-Erik Thunholm told a news conference.
      Nobel managing director Anders Carlberg said an internal
  inquiry has revealed an extensive network of international arms
  smuggling.
  

