SoftBank to dissolve stake in Swedish cloud computing provider Sinch
29/09/2022 18:43
Sept 29 (Reuters) - Swedish cloud computing services
provider Sinch AB SINCH.ST said on Thursday that Japan's
SoftBank Group Corp 9984.T would dissolve its entire stake in
the company.
Softbank will sell its 5% stake to Sinch's chief executive,
Johan Hedberg, and its largest shareholder, Neqst D2.
Investment company Neqst D2 will hold about 18.6% of Sinch's
outstanding stake at the completion of the sale, Sinch added.
(Reporting by Mrinmay Dey in Bengaluru; Editing by Leslie
Adler)
((Mrinmay.Dey@thomsonreuters.com;))