Brief: Sparebank 1 Østlandet Unit Retains 65% Ownership In Fremtind

Sparebank 1 Ostlandet

01/04/2020 07:16

April 1 (Reuters) - Sparebank 1 Ostlandet  SPOLT.OL :
    * SPOL - SPAREBANK 1 GRUPPEN AS RETAINS 65 % OWNERSHIP IN
FREMTIND
    * SPAREBANK 1 ØSTLANDET'S PARTLY OWNED CO SPAREBANK 1
GRUPPEN, AS
PREVIOUSLY COMMUNICATED, ENTERED OPTION DEAL WITH DNB THAT COULD
REDUCE CO'S OWNERSHIP INTEREST IN FREMTIND FORSIKRING AS FROM 65
% TO 60 % NO LATER THAN END OF Q1 2020.
    * BY OPTION DEADLINE, TUESDAY 31.03 AT 24:00, SPAREBANK 1
GRUPPEN
HAS NOT RECEIVED NECESSARY NOTIFICATION FROM DNB REGARDING
REQUIREMENT TO EXERCISE, AND OPTION HAS THEREFORE EXPIRED IN ITS
ENTIRETY
    * SPAREBANK 1 GRUPPEN AS AND DNB ASA THUS RETAIN CURRENT
OWNERSHIP
SHARES OF 65 PER CENT AND 35 PER CENT RESPECTIVELY

Source text for Eikon:  ID:nObimDvHPa 
Further company coverage:  SPOLT.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))