Sweden’s Alecta Sold First Republic Stake at $727 Million Loss

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Sweden’s Alecta Sold First Republic Stake at $727 Million Loss

Bloomberg2023-03-21

Sweden’s biggest pension fund, Alecta, sold all of its shares in struggling US lender First Republic Bank at a loss of 7.5 billion kronor ($728 million), according to Chief Executive Officer Magnus ...

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Slowdownpok
·2023-03-21
Good move? Not sure about this selling..
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