Sweden's Trygg-Stiftelsen Foundation Sells 3.4% Stake in SEB
February 01 2023 - 07:34AM
Dow Jones News
By Dominic Chopping
STOCKHOLM--Sweden's Trygg-Stiftelsen foundation late Tuesday
sold a 3.44% stake in Skandinaviska Enskilda Banken AB for 9
billion Swedish kronor ($860 million).
The foundation said the sale of 75 million A class shares leaves
it with a holding of 17 million shares, or a 0.78% stake.
The shares were sold through an accelerated book-building to
Swedish and international institutional investors at a price of
SEK120 a share, it added.
Before the sale, Trygg-Stiftelsen had been SEB's fourth largest
At 1048 GMT, shares in SEB traded 2.9% lower at SEK122.50 in
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(END) Dow Jones Newswires
February 01, 2023 07:19 ET (12:19 GMT)
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