Sparebank 1 SR Bank ASA (GB:0Q57) has released an update.
The merger between SpareBank 1 SR-Bank ASA and SpareBank 1 Sørøst-Norge has been approved to proceed on a tax-free basis by the Ministry of Finance, following clearances from the Norwegian Competition Authority and Finanstilsynet. Conditions for the merger include tax continuity for the transferred business and assets, and the planned completion date is set for 1 October 2024.
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