SoftBank to dissolve stake in Swedish cloud computing provider Sinch

(Reuters) - Swedish cloud computing services provider Sinch AB said on Thursday that Japan's SoftBank Group Corp would dissolve its entire stake in the company.

Softbank will sell its 5% stake to Sinch's chief executive, Johan Hedberg, and its largest shareholder, Neqst D2.

Investment company Neqst D2 will hold about 18.6% of Sinch's outstanding stake at the completion of the sale, Sinch added.

(Reporting by Mrinmay Dey in Bengaluru; Editing by Leslie Adler)