SpareBank 1 SMN announced on June 22, 2022, that SpareBank 1 Markets is strengthening its focus on the capital market and is joined by SR-Bank and SpareBank 1 Nord-Norge as major owners. The necessary approvals from authorities have now been obtained, and the aim is for the transaction to be completed during December 2023.
SpareBank 1 SR-Bank and SpareBank 1 Nord-Norge are to transfer their capital markets businesses to SpareBank 1 Markets. In addition, a private placement is made towards SpareBank 1 SR-Bank.
After completion of the transaction SpareBank 1 SMN will own 39.9 per cent, SpareBank 1 SR-Bank 33.34 per cent, and SpareBank 1 Nord-Norge 18.1 per cent, as the company’s three largest owners.
Through this, the SpareBank 1-banks establish a more robust national capital market initiative with a strong regional presence in cities such as Trondheim, Tromsø, Stavanger and Oslo.
Trondheim, November 24, 2023
Contact:
Trond Søraas, CFO, tel. +47 922 36 803
The above information is disclosable pursuant to Section 5-12 of the Securities Trading Act.