Deals
Sweden Raises $3.4 Billion After Selling Remaining Nordea Stake
This article is for subscribers only.
Sweden’s government raised 21.6 billion kronor ($3.4 billion) after selling its remaining stake in Nordea Bank AB as part of a broader plan to divest state assets and reduce debt.
The state sold about 284 million shares, equivalent to 7 percent of the share capital in Scandinavia’s biggest bank, at 76 kronor per share to institutional domestic and international investors, it said today. The shares were offered to investors at 75.50 kronor to 76 kronor, the term sheet showed.