SpareBank 1 SR-Bank ASA (SRBANK); SpareBank 1 Gruppen AS retains 65 % ownership in Fremtind Forsikring AS
SpareBank 1 SR-Bank’s partly owned company SpareBank 1 Gruppen AS has, as previously communicated, entered into an option agreement with DNB that could reduce the company's ownership interest in Fremtind Forsikring AS from 65% to 60% ownership no later than the end of Q1 2020. By option deadline, Tuesday 31.03 at. At 24:00, SpareBank 1 Gruppen AS has not received the necessary notification from DNB ASA regarding the requirement to exercise, and the option has therefore lapsed in its entirety. DNB ASA has stated that they are satisfied with the cooperation and development of Fremtind