Nordea stock rises amid SEB share speculation
Paul O'Mahony · 27 Sep 2007, 12:24
Published: 27 Sep 2007 12:24 GMT+02:00
The Swedish state's 19.9 percent shareholding grew in value by 6.2 billion kronor during early trading following revelations in Dagens Industri that SEB would be prepared to pay 30 percent above the odds for the state's share.
It was not clear whether SEB had presented a concrete proposal to Fredrik Reinfeldt's government but the bid was thought to be worth 138 kronor per share.
According to Dagens Industri, SEB has been preparing a bid for its competitor for the last six months.
The entire banking sector received a lift on Thursday morning as a result, with SEB, Handelsbanken and Swedbank each rising by around 3 percent.