Signed merger plan between SpareBank 1 SR-Bank ASA and its wholly owned subsidiary SpareBank 1 SR-Finans AS
The boards of directors of SpareBank 1 SR-Bank ASA and its wholly owned subsidiary, SpareBank 1 SR-Finans AS have signed a joint merger plan, dated 24 August 2016, for a merger between the two companies, with SpareBank 1 SR-Bank ASA as the receiving company. The boards of directors of the companies plan to adopt the merger in board meetings expected to be held on or about 26 September 2016.The merger will be undertaken as a parent-/subsidiary merger without compensation pursuant to the simplified procedures of section 13-24 of the Norwegian Public Limited Liability Companies Act.The