FöreningsSparbanken has agreed to sell its shares in SpareBank 1 Gruppen
FöreningsSparbanken (Swedbank) has agreed to sell all of its shares in SpareBank 1 Gruppen to a group of buyers, including the SpareBank 1 banks. The ownership represents 19,5 % of the shares in SpareBank 1 Gruppen. The total sale price is NOK 682.5M equivalent to SEK 802.6M. The transaction is subject to approval from relevant authorities. The transaction will result in a capital gain for FöreningsSparbanken of slightly over SEK 346M. The Group’s primary capital ratio will increase by approximately 0.05 percentage points and its capital adequacy will increase by approximately 0.13