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)