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India

Handelsbanken says sold all A-shares in Industrivarden


Thursday, 25 Aug 2016 

Handelsbanken sells stake in Industrivarden : Handelsbanken has divested all of its A-shares in Industrivarden . Handelsbanken says the shares have been acquired by Swedish and international institutional investors . Says transaction will result in a capital gain for Handelsbanken of approximately SEK 750 million, which will have a positive impact on Handelsbanken's earnings in q3 of 2016 . Says expected positive impact on Handelsbanken's common equity tier 1 ratio is estimated at approximately 0.6 percentage points . Says price is set to SEK 153.25 per share Further company coverage: [SHBa.ST] (Reporting By Simon Johnson and Niklas Pollard) ((simon.c.johnson@thomsonreuters.com;)).