Sinch announces Softbank’s divestment of its full ownership stake in Sinch
Existing investor SoftBank to sell full stake in Sinch to Neqst D2 and Sinch co-founder/interim CEOJohan Hedberg. Sinch AB (publ) (“Sinch” or the ”Company”) has been informed that the existing investor SoftBank is selling its stake in the Company to Neqst D2 and co-founder/interim CEO Johan Hedberg. The stake in the Company being sold amounts to approximately 5.01 per cent of outstanding shares, and following the sale SoftBank holds no shares in Sinch. Upon completion of the transaction, Neqst D2, which is already the largest shareholder of the Company, will hold approximately 18.6 per