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Swedbank sells shares in Tallinn exchange to NASDAQ OMX to improve ability to develop more liquid Baltic capital markets


Published :
Wed, 25 Nov 2009 10:09
By : 1888pressrelease.com
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(1888PressRelease) November 19, 2009 - The sale of the shares is a step in a joint co-operation initiative between Swedbank, NASDAQ OMX, SEB, East Capital and other Nordic banks operating on the Baltic markets aiming at revitalizing the local capital markets.



With the support from these market participants, NASDAQ OMX Baltic also has the intention to launch a new single marketplace for trading of shares listed on the regulated markets NASDAQ OMX Tallinn, NASDAQ OMX Riga and NASDAQ OMX Vilnius.



Prior to NASDAQ OMX´s acquisition of the shares in NASDAQ OMX Tallinn, Swedbank held 13.2 percent of the shares in NASDAQ OMX Tallinn.



Further information, please contact:

Thomas Backteman, Executive Vice President, Swedbank, phone: +46 708-311 166

Anna Sundblad, Press Manager, Swedbank, phone: +46 70 321 39 95

Swedbank´s vision is to be the leading financial institution in the markets where we are present. Swedbank has 9.4 million retail customers and 600,000 corporate customers with 419 branches in Sweden, 278 branches in the Baltic countries and another 215 branches in Ukraine.



The group is also present in Copenhagen, Helsinki, Kaliningrad, Luxembourg, Moscow, New York, Oslo, Shanghai, St. Petersburg and Tokyo. As of December 2008 the group had total assets of SEK 1,812 billion and approximately 21,000 employees.



For more information about Swedbank, please visit www.swedbank.com.

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