Update regarding the expected timing of merger between Nordax Bank AB (publ) and Bank Norwegian ASA
As previously announced, Nordax Bank AB (publ) (“Nordax Bank”) (rated BBB/N3/Stable from Nordic Credit Rating) and Bank Norwegian ASA (“Bank Norwegian”) are in the process of implementing an intragroup merger between the companies. As announced on 1 November 2022, all necessary regulatory approvals to complete the merger have been obtained. As of today, all consents and approvals have been obtained from relevant third parties. The merger will be implemented with Nordax Bank as the surviving company and Bank Norwegian as the transferring company. The merger is expected to be completed on