SEK has sold all of its shares in Swedbank

(Thomson Reuters ONE) -


Today, Swedish Export Credit Corporation (SEK) has sold its entire stake in
Swedbank AB. The holding, approximately 38.3 million shares, has been placed
with a number of Swedish and international institutional investors.

 SEK has held shares in Swedbank since March 2009, and has all along
communicated that it should not be regarded as a long-term owner and has had the
intention to sell the stake in a responsible way.

   - The positive development for Swedbank gave us an appropriate time to go
through with the sale of our entire holding in a good way. We have acted
responsibly with the best interest of the bank in mind all along. Our task is to
support Swedish exports, not to own shares in banks, said Peter Yngwe, CEO of
SEK.

The total acquisition value amounted to approximately Skr 998 million. The
shares were sold through Deutsche Bank for approximately Skr 3.5 billion in
total. The sale means the realization of a profit of approximately
Skr 2.5 billion before taxes. The shares represent approximately 3.3 percent of
Swedbank's total number of shares.

For questions contact Johan Winlund, Head of Communcations at SEK,
+46 8 613 84 88.





[HUG#1456458]








This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: AB Svensk Exportkredit via Thomson Reuters ONE

Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: hugin
Datum: 28.10.2010 - 10:14 Uhr
Sprache: Deutsch
News-ID 46859
Anzahl Zeichen: 0

contact information:
Town:

Stockholm

Kategorie:

Business News

Diese Pressemitteilung wurde bisher 197 mal aufgerufen.


Die Pressemitteilung mit dem Titel:
"SEK has sold all of its shares in Swedbank"
steht unter der journalistisch-redaktionellen Verantwortung von

AB Svensk Exportkredit (Nachricht senden)

Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).

SEK issued a global USD 1.5 billion bond ...

SEK has issued a USD 1.5 billion 5 year benchmark bond. The bond is SEK's largest USD benchmark transaction ever. The successful bond was received very well and was subscribed by investors from all over the world and was fully subscribed in les ...

SEK: Record-high lending volumes in the first six months ...

Continued very strong demand for long-term financing from the Swedish export industry has resulted in record-high lending volumes for SEK in the first half of the year. New lending amounted Skr 58.3 billion during the period, and SEK is now the singl ...

SEK takes part in Swedbank AB's new share issue ...

SEK has decided to take part in Swedbank AB's new share issue. SEK already owns 25,520,000 shares in Swedbank which represent 3.3 percent of the share capital in Swedbank AB. The decision means that SEK intends to claim it's pro rata share ...

Alle Meldungen von AB Svensk Exportkredit