With reference to information given previously in
quarterly reports regarding Visa Inc.'s acquisition of
all shares in Visa Europe Ltd. (the "Transaction").
Sparebanken Møre has an interest in this Transaction
through its ownership interests in Visa Norge. The
Transaction consists of a cash consideration at
closing, a deferred cash consideration payable after
three years, and convertible preferred shares.
Visa Norge has on 28 June 2016 confirmed Sparebanken
Møre's share of the initial cash consideration to EUR
4,04 million. The effect on profit before tax from the
initial cash consideration in 2nd Quarter 2016 is
estimated to be approximately NOK 38 million.
Contact information:
Runar Sandanger, CFO Head of Treasury & Markets,
tel. 950 43 660.