Press release: Approval of merger
Approval from the Norwegian Ministry of Finance.
Reference is made to Sparebanken Pluss and Sparebanken Sør’s stock exchange reports, dated 15 May 2013 and 20 June 2013, and also to the information document approved and published on 30 May 2013 regarding a merger between Sparebanken Pluss and Sparebanken Sør.
Today, Sparebanken Pluss and Sparebanken Sør received the necessary approval from the Norwegian Ministry of Finance to be able to implement the merger of the banks.
The merger is expected to take place with effect from 1 January 2014. Further information will be given in conjunction with the resolution by the board to implement the merger and the implementation of the merger.
The merged bank will continue under the name Sparebanken Sør.
This information is notifiable in accordance with Oslo Stock Exchange’s continuing obligations and Section 5-12 of the Norwegian Securities Trading Act.
15 November 2013