Merger completed in SpareBank 1 Markets
As of April 1st 2015 SpareBank 1 SMN Markets in Trondheim was fully integrated in SpareBank 1 Markets as a result of a merger.
SpareBank 1 SMN integrated its markets operation into SpareBank 1 Markets. The settlement was in SpareBank 1 Markets shares. Consequently, SpareBank 1 SMN is the principal shareholder in the combined company.
Following the merger the ownership structure in SpareBank 1 Markets is as follows:
SpareBank 1 SMN: 73.3 % (previously 27.0 %)
SpareBank 1 Nord-Norge: 10.0 % (27.0 %)
SamSpar: 10.0 % (27.0 %)
Sparebanken Hedmark: 6.1 % (16.6 %)
Other shareholders: 0.6 % (2.2%)
The operations of the two companies will primarily continue as-is, with 70 employees in Oslo and 40 employees in Trondheim. The merged company is led by CEO Stein Husby. The business area 'Foreign Exchange and Derivatives', as well as certain supporting functions, is still located in Trondheim.