SpareBank 1 SR-Bank ASA (SRBANK): Notification of positive financial one-off effect on Q2 results in 2018
In connection with the merger of Vipps AS, BankAxept AS and BankID Norge AS, a new valuation of the latter two companies has been set. As a result of the transaction, the bank will have to make a write-up of the book value. The company resulting from the merger of Vipps AS, BankAxept AS and BankID Norge AS will have a total value of NOK 3.9 billion on the date of completion for the merger. Following the merger, the SpareBank 1 banks will have a total stake of 22.04 %, worth approximately NOK 860 million. The stakes held by individual SpareBank 1 banks will vary. In the case of