TF Bank’s Board of Directors adopts merger plans
The Boards of Directors of TF Bank AB (publ) (“TF Bank”) and the wholly-owned subsidiaries BB Bank ASA, Avarda AB and Avarda Oy (“the Subsidiaries”) today announce that they have resolved to adopt joint merger plans with the intention to merge the Subsidiaries with TF Bank through an absorption.The Board of TF Bank and the Boards of the Subsidiaries have today resolved to adopt joint merger plans between each subsidiary and TF Bank. The mergers will be implemented by TF Bank absorbing the Subsidiaries. Following the mergers, the businesses of Avarda Oy in Finland and BB Bank in Norway will