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Sydbank Shouldn’t Pay BankTrelleborg Holders More, Court Says

Sydbank A/S, Denmark’s third-largest bank, won’t have to pay shareholders of BankTrelleborg A/S more for the stock which it bought in 2008, a court said.

While the court dismissed the claims by former BankTrelleborg shareholders, it also said that Sydbank’s mandatory redemption of the shares wasn’t legal. Denmark’s Copenhagen-based Eastern High Court published the ruling on its website today.

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