Top shareholder backs SEB’s capital hike

February 04, 2009 12:00 am

Skandinaviska Enskilda Banken (SEB) is finding support from its largest shareholder, Investor AB, for a potential SKr15bn ($1.7bn) rights issue. SEB has however not given any details about a deal and only said that “a capital increase is considered”. Bankers say that potential underwriters, said to be Morgan Stanley and Goldman Sachs, have been sounding investors for support over the past week, and that transaction details have leaked in that process. Will the rights issue go ahead? Turn to EuroWeek on Friday.

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