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Swedbank gets half of Hansapank shares

Oct 08, 1998
By Kairi Kurm

TALLINN - Swedbank, the third largest bank in Sweden, announced it will buy Hansapank shares currently held by Skandinaviska Enskilda Banken (SEB), a move that will increase Swedbank's stake in the Estonian institution to 49 percent.Swedbank currently owns about one-third of Hansapank's shares, and the SEB has a 19 percent stake in the largest Baltic bank. The SEB has been competing with Swedbank in increasing its stake in Hansapank but hankered after quick money.The SEB told The Financial Times ...

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