Bank collaboration in Helgeland - the Financial Supervisory Authority of Norway has approved the transaction
Reference is made to stock exchange notice of 18 March stating that SpareBank 1 Nord-Norge and Helgeland Sparebank are to establish a strategic, future-oriented collaboration. SpareBank 1 Nord-Norge will become a long-term owner of Helgeland Sparebank with a 19.99% stake of the bank's equity certificates. For its part, Helgeland Sparebank will acquire SpareBank 1 Nord-Norge's banking business linked to the branches in Helgeland. Today, 5 November 2020, SpareBank 1 Nord-Norge received permission from the Financial Supervisory Authority of Norway to divest its activities which are