Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Sydbank CEO sees big owners maintaining stakes

Source: Reuters - Tue 15th Sep 2009

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.

Comment on this Story

Be the first to comment on this Story !!

Recommended Items