SpareBank 1 Nord-Norge (SPXXF) has released an update.
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SpareBank 1 Nord-Norge has announced the transfer of its pension fund operations to SpareBank 1 Insurance, impacting over 750 employees and former staff, with a management capital of 1.29 billion kroner. The transaction, which requires regulatory approval, is expected to complete by 2024/2025 and could result in a significant accounting gain for the bank. Specific financial terms of the deal remain undisclosed.
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