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Sinch raises SEK 3.3 bln in share sale, Softbank takes 10% stake

2020-12-01 12:35:00| Telecompaper Headlines

(Telecompaper) Swedish provider of cloud communications for mobile customer engagement Sinch said Softbank subsidiary SB Management will own approximately 10.1 percent of the company following a share issue and sell-down by larger shareholders of existing stock. Proceeds from the issue will be used to support potential acquisitions, a strategy that has the backing of SB Management.

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