Danske Shares Worth $520 Million Sold by Foreign Investors
Danske Bank A/S bank branch in Copenhagen, Denmark
Photographer: Freya Ingrid Morales
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Foreign investors have this year dramatically reduced their share holdings in Danske Bank A/S, as they digest news of its involvement in a vast money laundering scandal.
Offshore holders sold a net 3.5 billion kroner ($520 million) of Danske shares in the first six months of 2019, the biggest selloff to hit any Danish stock in the period, according to data published by Denmark’s central bank on Friday. Foreigners now own 40% of the bank compared with 50% one year ago.