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UpTickMeA$AP

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Tuesday, 03/21/2023 6:35:30 PM

Tuesday, March 21, 2023 6:35:30 PM

Post# of 1461
Swedish pension fund Alecta sells its stake in First Republic Bank

STOCKHOLM, March 21 (Reuters) - Alecta, Sweden's biggest pension fund, has sold all its shares in ailing U.S lender First Republic Bank (FRC.N) at a loss of $728 million, Alecta spokesperson Jacob Lapidus said on Tuesday.

Reporting by Marie Mannes, editing by Essi Lehto



https://www.reuters.com/markets/deals/swedish-pension-fund-alecta-sells-its-stake-first-republic-bank-2023-03-21/

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