Sweden: Banks lose big from Sobi takeover failure, says IFR

A report from capital markets publication, IFR, part of LESG, citing sources familiar with the matter, says Barclays lost about US$125m on a complex currency derivatives trade linked to the failed takeover attempt of drug maker Swedish Orphan Biovitrum (Sobi). Deutsche Bank and Morgan Stanley were also reported as losing out, to the tune of…

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