STOCKHOLM (Reuters) – Sweden’s SBB said on Monday that its creditor, U.S. hedge fund Fir Tree Partners, would end its legal action to recover its remaining 7.5 million euros ($7.67 million) of securities from the group’s assets.
In November, Reuters reported that US hedge fund Fir Tree Partners was accelerating its write-down and launching debt recovery proceedings against SBB.
Fir Tree and SBB did not immediately respond to a request for comment.
($1 = 0.9775 euros)
