SpareBank 1 SR-Bank ASA (OB:SRBNK) agreed to acquire an unknown minority stake in SpareBank 1 Forvaltning AS on September 16, 2021. Additionally SpareBank 1 SR-Bank ASA (OB:SRBNK) agreed to merge SR-Forvaltning AS from SpareBank 1 Forvaltning AS on September 16, 2021. SpareBank 1 SR-Bank will receive shares in SpareBank 1 Forvaltning AS as remuneration for selling its shares in SR-Forvaltning AS.

Following the acquisition, SpareBank 1 SR-Bank ASA will become the largest owner of SpareBank 1 Forvaltning AS with a stake of almost 38%. The transaction requires the consent of the Financial Supervisory Authority of Norway and is expected to be completed in the fourth quarter of 2021.