SPAREBANK 1 SØRØST-NORGE

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SpareBank 1 BV : Merger of SpareBank 1 BV and Sparebanken Telemark approved by the banks' boards

02/22/2021 | 11:31am EDT
Reference is made to the stock exchange notice published on 30 November 2020
regarding the letter of intent with a view to a merger of SpareBank 1 BV and
Sparebanken Telemark.

The boards of the banks have today approved a plan for the merger of the banks.
SpareBank 1 BV will be the acquiring bank for legal and accounting purposes and
thus take over all of the assets, rights and liabilities of Sparebanken Telemark
on implementation of the merger. The merged bank will continue under the name
SpareBank 1 Sørøst-Norge.

Tønsberg 22.februar 2021

Contact persons:
SpareBank 1 BVFinn Haugan, Chair, tel. 900 41 002
Rune Fjeldstad, CEO, tel. 900 79 017

Sparebanken TelemarkAnne Berg Behring, Chair, tel. 930 30 889
Per Halvorsen, CEO, tel. 934 07 441

This information is disclosed pursuant to the requirements of the Securities
Trading Act § 5-12

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

Stocks mentioned in the article
ChangeLast1st jan.
SPAREBANK 1 SØRØST-NORGE -1.40% 56.4 Real-time Quote.-13.76%
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Financials
Sales 2022 2 380 M 244 M 244 M
Net income 2022 927 M 94,9 M 94,9 M
Net Debt 2022 - - -
P/E ratio 2022 13,3x
Yield 2022 4,36%
Capitalization 6 683 M 684 M 684 M
Capi. / Sales 2022 2,81x
Capi. / Sales 2023 2,53x
Nbr of Employees 533
Free-Float 57,8%
Chart SPAREBANK 1 SØRØST-NORGE
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SpareBank 1 Sørøst-Norge Technical Analysis Chart | SBVG | NO0006000207 | MarketScreener
Technical analysis trends SPAREBANK 1 SØRØST-NORGE
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TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 3
Last Close Price 56,40 NOK
Average target price 65,33 NOK
Spread / Average Target 15,8%
EPS Revisions
Managers and Directors
Per Halvorsen Chief Executive Officer
Lars Ole Bjørnsrud Chairman-Supervisory Board
Finn Haugan Chairman
Marianne Sommerro Evensen EVP-Risk Management & Compliance
Kristin Søia Barkost Independent Director
Sector and Competitors