March 6, 2017 / 5:23 PM / 5 months ago

BRIEF-Folksam says reduces ownership in Swedbank in a bookbuilding process

1 Min Read

March 6 (Reuters) - Insurance company Folksam says:

* Will sell 25.6 million stocks in Swedbank, 2.3 percent of Swedbank stock capital, in a bookbuilding process aimed at institutional investors.

* Says will own 7.0 percent of stocks in Swedbank after sale.

* Says ownership in Swedbank remains at a long term basis, but now is the right time to reduce ownership. Further company coverage: (Reporting By Johan Sennero)

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