Sparebank 1 SR Bank ASA (GB:0Q57) has released an update.
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SpareBank 1 SR-Bank ASA and SpareBank 1 Sørøst-Norge are set to merge, with significant share redistributions among the founding foundations. The Sparebank Foundation SR-Bank will see its share ownership decrease to 20.95% in the new entity, while the Sparebank Foundation BV and Sparebank Foundation Telemark will receive 8.70% and 6.67% shares respectively after the merger on October 1, 2024. This strategic consolidation aims to reshape the ownership structure and solidify the presence of the new SpareBank 1 Sør-Norge ASA in the financial sector.
For further insights into GB:0Q57 stock, check out TipRanks’ Stock Analysis page.
