Brief: Norway's Brabank and Easybank to merge

Lea Bank ASA

12/06/2020 07:51

June 12 (Reuters) - Brabank ASA  BRA-ME.OL :
    * EASYBANK AND BRABANK ADOPTED A JOINT MERGER PLAN WITH
INTENT TO
CREATE A LEADING CONSUMER AND SME DIGITAL NICHE BANK WITH A
NORDIC FOOTPRINT
    * BRABANK'S SHAREHOLDERS WILL RECEIVE 0.075724 SHARES IN
EASYBANK
FOR EACH SHARE IN BRABANK,REPRESENTING 50% OF TOTAL OUTSTANDING
SHARES FOLLOWING MERGER

Source text for Eikon:  urn:newsml:reuters.com:*:nWkr5GnXdg
Further company coverage:  BRA-ME.OL 

 (Reporting By Terje Solsvik)
 ((terje.solsvik@thomsonreuters.com;))