Sparebanken Sør

M&A Activity • Nov 29, 2024

The Norwegian Competition Authority has cleared the merger between Sparebanken Sør and Sparebanken Vest

The Norwegian Competition Authority has cleared the merger between Sparebanken Sør and Sparebanken Vest

Reference is made to stock exchange notice 2 October 2024 regarding the approval by the general meetings in Sparebanken Sør and Sparebanken Vest of the merger plan between the banks.

The Norwegian Competition Authority has today cleared the merger.

Completion of the merger is still conditional upon approval by the Norwegian Financial Supervisory Authority, without imposing conditions that significantly alter the assumptions made by the banks under the merger plan.

Completion of the merger is contemplated to take place 2 May 2025.

Contact persons:

Sparebanken Vest

CEO: Jan Erik Kjerpeseth, tel. +47 951 98 430

CFO: Frank Johannesen, tel. +47 952 65 971

Sparebanken Sør

CEO: Geir Bergskaug, tel. +47 901 27 206

CFO: Steinar Vigsnes, tel. +47 906 13 135

This information is subject to information obligations pursuant to the Norwegian Securities Trading Act Section 5-12.