English

SpareBank 1 SR-Bank has agreed upon selling its shares in Nets

Report this content

SpareBank 1 SR-Bank owns 2.9%, the equivalent of 5,378,058 shares, in Nets. This sale requires the approval of the governing authorities. The process is expected finalised by Q2 2014.

Per 31.12.2013, the value of SpareBank 1 SR-Banks shares in Nets was estimated to over MNOK 352. The agreement of selling the shares will result in an increase of the value with approximately MNOK 200 in the first quarter of 2014.

Advent International, ATP and Bain Capital (the "Consortium") is the purchaser of all the shares from SpareBank 1 SR-Bank. This group acquires 100% of the shares in Nets from every existing 186 shareholder, SpareBank 1 SR-Bank being one of these.

Please refer to announcement sent by Nets 24 March 2014

Questions may be submitted to

CFO Inge Reinertsen, phone +47 909 95 033 or
Vice President, Investor Relations, Vidar Torsøe, phone +47 970 80 656

Executive Vice President Communication, Thor-Christian Haugland, phone + 47 48031633

Subscribe