SpareBank 1 Nord-Norge announced on June 22, 2022, that the bank will increase
its ownership in SpareBank 1 Markets to strengthen its focus on the capital
market. The necessary approvals from authorities have now been obtained, and the
aim is for the transaction to be completed during December 2023.  

SpareBank 1 Nord-Norge increases its ownership stake in SpareBank 1 Markets from
11.2 percent to 18.1 percent. This is done by separating the capital markets
business of SpareBank 1 Nord-Norge and transferring it to SpareBank 1 Markets.  

The ownership distribution in SpareBank 1 Markets is also affected by SpareBank
1 SR-Bank transferring its capital market business to SpareBank 1 Markets. After
the completion of the transaction, the ownership in SpareBank 1 Markets will be
as follows: SpareBank 1 Nord-Norge will own 18.1 percent, SpareBank 1 SMN will
own 39.9 percent, and SpareBank 1 SR-Bank will own 33.34 percent. 

Through this, the SpareBank 1-banks establish a more robust national capital
market initiative with a strong regional presence in cities such as Tromsø,
Trondheim, Stavanger and Oslo. 

Tromsø, November 24, 2023 

 

Contacts:  

Bengt Olsen, CFO - telephone 975 89 560  

Terje Karlstad, Investor Relations - telephone 411 22 220 

 

This information is disclosed in compliance with section 5-12 of the Securities
Trading Act.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange