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SB1NO — Sparebank 1 Sor-Norge ASA News Story

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Brief: SpareBank 1 Sør-Norge ASA To Sell Forretningspartner

BRIEF-SpareBank 1 Sør-Norge ASA To Sell Forretningspartner

- Sparebank 1 Sor-Norge ASA SB1NO.OL:

  • TO SELL SPAREBANK 1 SØR-NORGE FORRETNINGSPARTNER

  • DEAL PROVIDES CO WITH NET PROCEEDS OF ABOUT NOK 500 MILLION

  • AGREES TO SELL FORRETNINGSPARTNER TO ECIT-CONTROLLED COMPANY

  • ENTITLED TO POTENTIAL EARN-OUT OF NOK 125 MILLION IN 2028

  • TO REINVEST NOK 192 MILLION FOR 44.842% STAKE IN BUYER

Source text: ID:nObiB8lMga

Further company coverage: SB1NO.OL


(Gdansk Newsroom)

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