| 10.05.04 | << back |
| SpareBank 1 banks increase their stake in SpareBank 1 Gruppen | |
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| FöreningsSparbanken has approached the SpareBank 1 banks with a view to reducing its shareholding in SpareBank 1 Gruppen AS to below the Swedish consolidation limit. | |
On this basis, Samarbeidende Sparebanker AS, SpareBank 1 Nord-Norge, SpareBank 1 Midt-Norge and SpareBank 1 SR-Bank have today signed agreements with FöreningsSparbanken for the acquisition of 21,483 shares each in SpareBank 1 Gruppen.
SpareBank 1 Midt-Norge has paid NOK 27.36 million for the shares and thus increases its stake in SpareBank 1 Gruppen AS from 14.08% to 15.46%. FöreningsSparbanken's share in SpareBank 1 Gruppen is reduced from 25% to 19.5%.
It is emphasised that the strategic and commercial cooperation between FöreningsSparbanken and SpareBank 1 will continue. Thus, the agreement on cooperation between FöreningsSparbanken and SpareBank 1 is not affected by the sale.
Trondheim, 7th May 2004
Contact persons:
SpareBank 1 Midt-Norge:
Enquires to
Managing Director Finn Haugan, tel.: (+47) 90 04 10 02
or CEO Kjell Fordal, tel.: (+47) 90 54 16 72 FöreningsSparbanken:
Annika Wijkström, deputy director, head of international banking and Swedbank Markets, tel.: 46-8-58 59 13 97
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