Sweden chooses Nomura for Nordea sell-down
The Swedish government mandated Nomura as global co-ordinator and Morgan Stanley and SEB Enskilda as joint bookrunners for a sale of up to 6.3% of Nordea Bank, worth around Skr20bn ($3bn), on Thursday night as EuroWeek went to press. The deal is expected to be priced and allocated on Friday.
It will reduce the governments stake from 19.8% to 13.5% if all the shares are sold. Sweden is selling 200 million shares in a base deal with an increase option of 55 million shares.
Nordea stock closed at Skr78.4 on Thursday after earlier this week trading at a post-Lehman
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