Neste up after Swedish govt decides to tighten reduction mandate
** Shares in Finnish biofuels maker Neste NESTE.HE rise 4.4% after Sweden's national broadcaster SVT reported the government will tighten the country's reduction mandate
** The reduction mandate defines the proportion in which biofuels must be mixed in petrol and diesel being sold
** The Swedish government will raise the reduction mandate to 10%, with possible decisions expected to come in force next summer, SVT says
** The mandate for both diesel and petrol was reduced to 6% at the beginning of 2024, from just over 30% for diesel and just under 8% for petrol previously
** Inderes analyst Petri Gostowski says that although the reported rise is small, it would be positive for Neste's demand
** Neste was not immediately available for a comment
** Its shares are trading at their highest level since mid-May, and are among top performers of the pan-European STOXX 600 index .STOXX
Reporting by Elviira Luoma
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