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Salling Bank completes 138M kroner rights offering

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Salling Bank completes 138M kroner rights offering

Salling Bank A/S raised 138 million Danish kroner through a rights offering, according to a press release from sole lead manager and financial adviser ABG Sundal Collier Holding.

A total of 99.6% of the rights were subscribed. The bank will use net proceeds to boost capital position and promote further growth.

As of Oct. 10, US$1 was equivalent to 6.30 Danish kroner.