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TAR - The merger of Oslofjord Sparebank and Sparebanken Norge approved by the general meeting of Sparebanken Norge – decision from Oslofjord Sparebank expected later today

Company: SpareBank 1 Nord-Norge Date: 2025-06-16 Language: English Register to download

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 The merger of Oslofjord Sparebank and Sparebanken Norge approved by the general meeting of Sparebanken Norge – decision from Oslofjord Sparebank expected later today

# The merger of Oslofjord Sparebank and Sparebanken Norge approved by the general meeting of Sparebanken Norge – decision from Oslofjord Sparebank expected later today

Reference is made to the stock exchange notice of 14 May 2025, regarding the decision by the boards of Oslofjord Sparebank and Sparebanken Norge to adopt a plan for merging the banks (merger plan), and the stock exchange notice of 26 May 2025, about the summons to an extraordinary general meeting in Sparebanken Norge on 16 June 2025.  

  

The general meeting of Sparebanken Norge has in a meeting on 16 June 2025 approved the merger of the banks by transferring the assets, rights, and obligations of Oslofjord Sparebank to Sparebanken Norge and forming the new savings bank.  

  

Reference is also made to the attached minutes from the general meeting where the decision was unanimously made in accordance with the summons.  

  

The implementation of the merger is still conditional upon the necessary approval from the supervisory board of Oslofjord Sparebank, expected later tonight.  

  

The merger is also conditional upon that the relevant supervisory authorities grant the required permissions for completion without imposing conditions that significantly alter the assumptions that the banks have made under the merger plan.  

  

The aim is to complete the merger around 1 December 2025.  

  

The banks have engaged Norne Securities AS as joint financial advisor in connection with the merger, while Advokatfirmaet Selmer AS has been engaged as joint legal advisor.  

  

Contact persons:  

  

Sparebanken Norge  

  

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

Hans Olav Ingdal, CFO, tel. +47 948 09 328  

Brede Borgen Kristiansen, Director of Finance, Operations og Investor Relations, tel. +47 479 06 402  

Hanne Dankertsen, Director of Communications, tel. +47 994 49 173  

  

Oslofjord Sparebank  

Bjørn-Erik Øverland, CEO, tel. +47 900 44 754  

  

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

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