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TF Bank majority shareholder transfers part of stake in lender

TF Bank AB (publ) majority shareholder TFB Holding AB has transferred part of its stake in the Swedish lender to Tiberon AB.

One of TFB Holding's owners will directly hold a stake in the bank through the transfer, the lender said Jan. 2.

Following the move, Tiberon will hold 2,033,474 shares in the bank, corresponding to a roughly 9.5% stake.