SpareBank 1 Nord-Norge announced onJune 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 duringDecember 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 ofSpareBank 1 Nord-Norge and transferring it to SpareBank 1 Markets. The ownership distribution in SpareBank 1 Markets is also affected bySpareBank 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, andSpareBank 1 SR-Bank will own 33.34 percent. Through this, theSpareBank 1 -banks establish a more robust national capital market initiative with a strong regional presence in cities such as Tromsø, Trondheim, Stavanger andOslo . Tromsø,November 24, 2023 Contacts:Bengt Olsen , CFO - telephone 975 89 560Terje 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