Helgeland Sparebank and SpareBank 1 Nord-Norge - multi-tiered transaction

Arctic Securities acted as financial advisor to both HSB and SNN in the multi-step process wherein i) HSB will acquire SNN's NOK 10 bn portfolio at Helgeland, enter into the SpareBank 1 Alliance and purchase/has intentions to purchase stakes in several SNN-affiliated financial services companies, ii) SNN will acquire a 19.99% stake in HSB and iii) HSB will complete a fully pre-subscribed and guaranteed equity offering of up to NOK 800 m to finance the transactions.

We are grateful for the vote of confidence and congratulate on the successful transaction.

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