GROUP RAISES SCANDINAVIA FUND <SCF> STAKE A shareholder group consisting of foreign investment firms and investors said it raised its stake in Scandinavia Fund Inc to 2,607,900 shares, or 40.0 pct of the total outstanding from 2,309,700 shares, or 35.4 pct. In a filing with the Securities and Exchange Commission, the group also said it is considering an informal offer made by Scandinavia Fund President Bjorn Carlson on March 31 which would grant it representation on the company's board. The group includes VBI Corp, a Turks and Caicos Islands investment firm, and Ingemar Rydin Industritillbehor AB, a Swedish investment firm, and Erik Martin Vik, a Norwegian investor, and Vik's son, Alexander. The group said VBI and the elder Vik bought a combined 298,200 Scandinavia Fund common shares since March 13 at prices ranging from 9.500 to 10.000 dlrs a share.