Brief: Fremtind Forsikring, Eika Forsikring Combine Forces

Sparebank 1 Nord-Norge

12/12/2023 06:52

Dec 12 (Reuters) - Sparebank 1 Sorost-Norge  SOONS.OL :
    * FREMTIND FORSIKRING AND EIKA FORSIKRING COMBINE FORCES
    * FINAL AGREEMENT IS EXPECTED TO BE SIGNED EARLY IN Q1 OF 2024
    * FREMTIND FORSIKRING AS, EIKA FORSIKRING AS AND THEIR RESPECTIVE OWNERS ENTERED INTO MOU
    * IT IS EXPECTED THAT TRANSACTION WILL BE COMPLETED IN SUMMER OF 2024 AT EARLIEST
    * INDIRECTLY OWNS 6.28 % OF THE SHARES IN SPAREBANK 1 GRUPPEN AS 
    * SPAREBANK 1 GRUPPEN AS  WILL AFTER THE COMPLETION OF THE TRANSACTION OWN 51.44 % OF THE
SHARES
IN FREMTIND HOLDING
    * TRANSACTION WILL RESULT IN INCREASED EQUITY FOR SPAREBANK 1 GRUPPEN OF APPROX. NOK 7
BILLION

Source text for Eikon:  ID:nObiRJQ4Qa 
Further company coverage:  SOONS.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))