M&A Activity • Feb 22, 2021
M&A Activity
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Merger of SpareBank 1 BV and Sparebanken Telemark approved by the banks’ boards
Reference is made to the stock exchange notice published on 30 November 2020 regarding the letter of intent with a view to a merger of SpareBank 1 BV and Sparebanken Telemark.
The boards of the banks have today approved a plan for the merger of the banks. SpareBank 1 BV will be the acquiring bank for legal and accounting purposes and thus take over all of the assets, rights and liabilities of Sparebanken Telemark on implementation of the merger. The merged bank will continue under the name SpareBank 1 Sørøst-Norge.
Tønsberg 22.februar 2021
Contact persons:
SpareBank 1 BV
Finn Haugan, Chair, tel. 900 41 002
Rune Fjeldstad, CEO, tel. 900 79 017
Sparebanken Telemark
Anne Berg Behring, Chair, tel. 930 30 889
Per Halvorsen, CEO, tel. 934 07 441
This information is disclosed pursuant to the requirements of the Securities Trading Act § 5-12
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