Brief: SpareBank 1 Sør-Norge ASA To Sell Forretningspartner
BRIEF-SpareBank 1 Sør-Norge ASA To Sell Forretningspartner Aug 5 (Reuters) - 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)
((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))
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