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The head of Denmark's Sydbank said on Tuesday he expected major shareholders to maintain their stakes in Sybank by subscribing for shares ina placement of the bank's shares.
Sydbank said earlier on Tuesday it would offer up to 6.75 million new shares in a private placement to existing institutional shareholders in Denmark and abroad.
Mortgage lender Nykredit has about 8 percent of Sydbank's shares, and pension fund ATP has slightly more than 5 percent.
"I have good expectations for the share sale, and I expect that ATP and Nykredit will maintain their share holdings, Chief Executive Carsten Andersen told Reuters.
The offering is equal to 9.99 percent of the bank's share capital.
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