Mandatum Shares Slide After Altor Disposes €238 Million Stake
Shares in Finnish asset manager Mandatum dropped sharply after private equity firm Altor sold a significant block of the company’s stock. Altor disposed of 35 million shares at €6.80 apiece, raising about €238 million (around 2.5 billion Swedish crowns). The placement, arranged by Citi and SEB, represented roughly 7% of Mandatum’s share capital and…