Agence France-PresseSeptember 24, 2013 12:54
Sweden's government said Tuesday it would sell its last remaining shares in the nation's largest bank, Nordea, amounting to seven percent of the total.
The sale, which will take place on Wednesday, means the government will have completely abandoned its role as a shareholder in Nordea.
"The role of the government is to regulate banks, not to own them," said Peter Norman, minister for financial markets, in a statement.
"Therefore, it's the government's objective to sell off all the rest of its shares in the bank."