Storebrand Bank ASA divests subsidiary and simplifies company structure
Storebrand Bank ASA and Annexstad Hartvig Wenneberg AS have entered into an agreement to transfer all shares in the bank`s wholly owned subsidiary Finansbanken Formuesforvaltning ASA. The company has five employees and has since 1999 been engaged in discretionary management of client assets.The change of control happens in understanding with the employees in Finansbanken Formuesforvaltning ASA. Four of the five employees will have their conditions of employment transferred to the acquiring company and will continue to develop the business further with the new owner. The sale occurs