March 19, 2018 / 3:39 PM / 8 months ago

BRIEF-SpareBank 1 SR-Bank Proposing "Drop Down" Demerger

March 19 (Reuters) - Sparebank 1 Sr Bank Asa:

* SPAREBANK 1 SR-BANK ASA (SRBANK)\; PROPOSING A “DROP DOWN” DEMERGER

* ‍PROPOSES TO TRANSFER FIXED PROPERTY, WHERE COMPANY HAS ITS CURRENT HEAD OFFICE TO A WHOLLY OWNED SUBSIDIARY​

* ‍DROP-DOWN DEMERGER MEANS THAT PROPERTY IS FIRST DEMERGED TO A SUBSIDIARY, BJERGSTED EIENDOM AS​

* ‍IMMEDIATELY THEREAFTER BJERGSTED EIENDOM AS IS MERGED WITH SPAREBANK 1 SR-BANK ASAS WHOLLY OWNED SUBSIDIARY, BJERGSTED TERRASSE 1 AS, IN A GROUP MERGER.​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below