SoftBank to dissolve stake in Swedish cloud computing supplier Sinch – Reuters

Sept 29 (Reuters) – Swedish cloud computing providers supplier Sinch AB (SINCH.ST) stated on Thursday that Japan’s SoftBank Group Corp (9984.T) would dissolve its whole stake within the firm.

Softbank will promote its 5% stake to Sinch’s chief government, Johan Hedberg, and its largest shareholder, Neqst D2.

Funding firm Neqst D2 will maintain about 18.6% of Sinch’s excellent stake on the completion of the sale, Sinch added.

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Reporting by Mrinmay Dey in Bengaluru; Enhancing by Leslie Adler

Our Requirements: The Thomson Reuters Trust Principles.

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