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Dynamic quotes 
OFFON

SPAREBANK 1 SØRØST-NORGE

(SBVG)
  Report
Real-time Quote. Real-time Oslo Bors - 01/19 03:28:00 am
64.6 NOK   --.--%
01/11SPAREBANK 1 ØSTLANDET : Bond buybacks
AQ
01/10SPAREBANK 1 ØSTLANDET : Successful issuance of Senior Preferred Bond in NOK
AQ
01/10Contemplating issuance of senior preferred bond
AQ
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

SpareBank 1 BV : Merger of SpareBank 1 BV and Sparebanken Telemark has been approved by the banks' Supervisory Boards

03/25/2021 | 02:01pm EST
Reference is made to the pervious stock exchange notice dated 30 November 2020
regarding the initiation of discussions regarding a merger between SpareBank 1
BV and Sparebanken Telemark, and the stock exchange notice dated 22 February
2021 regarding the conclusion of a merger agreement between the board of
directors in the two banks. 

The Supervisory Boards in SpareBank 1 BV and Sparebanken Telemark have, in
meetings dated 25 March 2021, approved the merger of the two banks, whereby
SpareBank 1 BV shall be the acquiring bank and shall thus take over the assets,
rights and liabilities of Sparebanken Telemark on implementation of the merger.
Upon completion of the merger the merged bank shall be renamed SpareBank 1
Sørøst-Norge. As consideration for the assets, rights and liabilities that
SpareBank 1 BV acquire, SpareBank 1 BV shall issue equity capital certificates
to the equity capital certificate holders in Sparebanken Telemark.

SpareBank 1 BV and Sparebanken Telemark shall also, in connection with the
merger, convert NOK 800 million in primary capital into equity certificate
capital and issue equity capital certificates to SpareBank 1 Stiftelsen BV and
Sparebankstiftelsen Telemark - Grenland, respectively.  

Reference is also made to the minutes from the meeting of the banks' Supervisory
Boards. The banks will now apply for the necessary public approvals. The merger
is contemplated to be finalised on 1 June 2021.

Contact persons:

SpareBank 1 BV: 
Rune Fjeldstad, CEO, tel. + 47 900 79 017  
Finn Haugan, Chair, tlf. + 47 900 41 002

Sparebanken Telemark: 
Per Halvorsen, CEO, tel. +47 934 07 441
Anne Berg Behring, Chair, tel. +47 930 30 889

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 0.00% 64.6 Real-time Quote.-1.22%
SPAREBANK 1 TELEMARK 0.62% 162 End-of-day quote.16.55%
All news about SPAREBANK 1 SØRØST-NORGE
01/11SPAREBANK 1 ØSTLANDET : Bond buybacks
AQ
01/10SPAREBANK 1 ØSTLANDET : Successful issuance of Senior Preferred Bond in NOK
AQ
01/10Contemplating issuance of senior preferred bond
AQ
01/03SpareBank 1 Østlandet adjusts interest rates on deposits and loans
AQ
2021SPAREBANK 1 ØSTLANDET : Assessment by the Norwegian FSA of Pillar 2 requirement for SpareB..
AQ
2021SPAREBANK 1 ØSTLANDET : Decision from Norwegian FSA on updated Minimum Requirement for Own..
AQ
2021SPOL : Acquisition of equity certificates by primary insider
AQ
2021SpareBank 1 Østlandet continues savings program for employees
AQ
2021SPAREBANK 1 ØSTLANDET : Advance notice from Norwegian FSA on updated Minimum Requirement f..
AQ
2021SPOL : Acquisition of equity certificates by primary insider
AQ
More news
Financials
Sales 2021 2 275 M 259 M 259 M
Net income 2021 967 M 110 M 110 M
Net Debt 2021 - - -
P/E ratio 2021 13,2x
Yield 2021 3,56%
Capitalization 7 655 M 870 M 870 M
Capi. / Sales 2021 3,37x
Capi. / Sales 2022 3,14x
Nbr of Employees 539
Free-Float -
Chart SPAREBANK 1 SØRØST-NORGE
Duration : Period :
SpareBank 1 Sørøst-Norge Technical Analysis Chart | SBVG | NO0006000207 | MarketScreener
Technical analysis trends SPAREBANK 1 SØRØST-NORGE
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 2
Last Close Price 64,60 NOK
Average target price 67,50 NOK
Spread / Average Target 4,49%
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