Merger of SpareBank 1 Sørøst-Norge and SpareBank 1 Modum - the Norwegian Competition Authority has cleared the transaction

Reference is made to stock exchange notice dated 16 December 2021 stating that the Supervisory Board in SpareBank 1 Sørøst-Norge and the General Meeting in SpareBank 1 Modum have approved the merger of the two banks.

The Norwegian Competition Authority has the 4 January 2022 cleared this the transaction.

The merger is contemplated to be finalised on 1 April 2022.

Contact persons:
SpareBank 1 Sørøst-Norge:
Finn Haugan, Chairman, tlf. + 47 900 41 002
Per Halvorsen, Group CEO, tlf. + 47 934 07 441


This information is disclosed pursuant to the requirements of the Securities Trading Act § 5-12