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News in english 17. jul. 2012 KL. 15.01

Nordea stock trading again

Human error resulted in Nordea’s stock being temporarily suspended.

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Trade in Nordea Bank AB stock was temporarily suspended today after a human error resulted in a stock exchange announcement by the bank being sent out a day early.

Nordea had planned to announce its overall group accounts tomorrow at 7 a.m. The stock exchange announcement, which was sent out early at 10.45 a.m. today, covered the bank’s Norwegian activities.

The temporary suspension took place at around 11.15 today, half an hour after figures had been sent to the Oslo Stock Exchange.

“Trading resumed around 12.30 this afternoon,” Nordea Bank AB Head of Communications tells Politiken.dk.

Nordea Norway accounts showed a result of NOK1,565million compared to NOK1,270million in the same quarter last year. Writedowns increased from NOK247million in the quarter in 2011 to NOK273million in the same quarter of 2012.

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Edited by Julian Isherwood