Carnegie to raise $152M in new share issue
STOCKHOLM, Sweden —
Troubled Swedish investing. bank Carnegie AB says it plans to raise 1.2 billion kronor ($152 million) in a new share issue.
The share issue is part of a program that the bank has presented to the Swedish financial regulator in order to keep its licenses.
Carnegie before-mentioned Monday the program contains a number of measures to ensure stability and guarantee the company’s financing.
The financial supervisory authority launched an study into Carnegie on Oct. 27 after its third-quarter minute revealed a 1 billion kronor ($126 million) writedown related to “an separate credit placing in confinement.”
It will determine on feasible sanctions against the bank later Monday.
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