Lunar has since the announcement of the offer to acquire Instabank had a dialogue with the Danish and Norwegian FSA about regulatory approvals. The regulators have in the process asked for further information around the business model, growth ambitions and supporting capital levels. Lunar will send a new and updated application to the Norwegian FSA, which will include documentation of a planned capital increase.
“We’ve had a positive dialogue with the authorities as part of the approval process of the Instabank acquisition. We are pleased about the open dialogue and will send an updated application to complete the acquisition,” said Ken Villum Klausen, founder and CEO of Lunar.
Lunar remains confident that the transaction and settlement of the offer will be completed before the long-stop date of September 30, 2022.
For further information, please contact ABG Sundal Collier at +47 22 01 60 00.
Contact info:
Robert Berg, Co-Founder and CEO of Instabank Phone: +47 974 85 610
Ken Villum Klausen, Founder and CEO of Lunar Phone: +45 20 68 45 10