Brief: SparBank 1 Banks Join Forces In Capital Market Area

Sparebank 1 Nord-Norge

22/06/2022 08:51

June 22 (Reuters) - Sparebank 1 SMN  MING.OL :
    * SPAREBANK 1 MARKETS IS STRENGTHENING ITS FOCUS ON CAPITAL
MARKET
AND IS JOINED BY SR-BANK AND SPAREBANK 1 NORD-NORGE AS MAJOR
OWNERS
    * SPAREBANK 1 SMN WILL RECEIVE A GAIN OF NOK 235 MILLION IN
CONNECTION WITH TRANSACTION
    * TRANSACTION WILL GO AHEAD ON 1 JANUARY 2023
    * TRANSACTION IS DEPENDENT ON APPROVAL FROM FINANCIAL
SUPERVISORY
AUTHORITY AND COMPETITION AUTHORITY
    * SPAREBANK 1 SR-BANK AND SPAREBANK 1 NORD-NORGE ARE TO
TRANSFER
THEIR MARKETS BUSINESS TO SPAREBANK 1 MARKETS AND ARE ALSO
BUYING INTO COMPANY IN FORM OF A CASH PAYMENT

Source text for Eikon:  ID:nObikrRh9a 
Further company coverage:  MING.OL 

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