Deals
Nordea’s Top Holder Continues Exit With $880 Million Sale
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Sampo Oyj, the biggest owner of Nordea Bank Abp, took another step toward exiting its holding in the Nordic region’s largest lender, offering stock to investors in a deal that could be worth about 745 million euros ($880 million).
Sampo is selling as many as 73 million shares in Nordea via an accelerated bookbuild offering, the Helsinki-based company said. The shares are marketed at 10.20 euros to Thursday’s closing price of 10.352 euros each, according to terms seen by Bloomberg News, compared with a book value of 7.93 euros a share on June 30.