The latest update is out from Sparebank 1 SR Bank ASA ( (GB:0Q57) ).
SpareBank 1 and Swedbank are forming a partnership to establish a leading Nordic investment bank. The collaboration involves integrating Swedbank’s Corporate Finance and DCM High-Yield businesses into SpareBank 1 Markets, which will be renamed SB1 Markets. Swedbank will acquire a 20% stake in the new entity. This strategic move aims to enhance their competitive position in the Nordic market by leveraging combined resources and distribution networks, ultimately benefiting customers with improved services and expertise. The partnership is expected to be operational by the third quarter of 2025, pending regulatory approval.
More about Sparebank 1 SR Bank ASA
YTD Price Performance: 8.89%
Average Trading Volume: 25,710
Technical Sentiment Consensus Rating: Sell
Current Market Cap: NOK59.69B
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