On Wednesday, the government of Sweden said it had sold the last of its stake in Nordea AB. Sweden's 7% stake in the region's biggest bank was sold for SEK21.6 billion or USD3.4 billion. The selling price per share was at SEK 76  per share. It was a 4% discount to the closing share price of Nordea on Tuesday at SEK79.2 per share.

For the transaction, the government of Sweden had Morgan Stanley as its global coordinator and joint bookrunner. Banks who also acted as joint bookrunners with Morgan Stanley were Bank of America Merrill Lynch, Goldman Sachs International and Carnegie.

The Nordic-based Nordea is a financial services group whose operations are focused in the region of Northern Europe. The combination company of  Finnish, Danish, Norwegian and Swedish banks Merita Bank, Unibank, Kreditkassen (Christiania Bank) and Nordbanken back in 1997 and 2000, the regional bank currently serves 11 million private customers and 700,000 corporations. Its internet bank services over 5.9 million customers and does over 260 million payments annually.