Nordax Bank AB (publ) and Bank Norwegian ASA have signed a merger plan for the implementation of an intra-group merger
As previously communicated, Nordax Bank AB ("Nordax”) and Bank Norwegian ASA (“Bank Norwegian”) have initiated a process to investigate a potential merger between Nordax and Bank Norwegian. The Boards of Directors of Nordax and Bank Norwegian have on 4 July 2022 resolved to sign a joint merger plan for an intra-group cross-border merger between the two banks. The merger will be implemented with Nordax as the surviving company and Bank Norwegian as the transferring company, with the operations of Bank Norwegian to be continued through a Norwegian branch of Nordax (being under