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TF Bank has Completed MergersSTOCKHOLM, Jan. 23, 2020 /PRNewswire/ -- TF Bank has simplified the legal structure of the group by completion of the mergers of the three wholly owned subsidiaries BB Bank ASA, Avarda AB and Avarda Oy. TF Bank announced on the 21 March 2019 that the board of directors had decided to initiate a process to simplify the legal structure of the group by merging TF Bank and the wholly owned subsidiaries BB Bank ASA, Avarda AB and Avarda Oy. All three mergers have now been completed. The purpose of the mergers is to:
Following the mergers, BB Bank ASA, Avarda AB and Avarda OY has been dissolved and all of their rights and obligations have been taken over by TF Bank AB in accordance with applicable Swedish, Norwegian and Finnish law. BB Bank ASA's operations will continue to be conducted by TF Bank AB, Norwegian branch and Avarda's operations will continue to be conducted, respectively, by TF Bank AB and TF Bank AB, Finnish branch. The information was provided for publication on 23 January 2020 at 08:00 CET. TF Bank in brief For further information, please contact: Mikael Meomuttel This information was brought to you by Cision http://news.cision.com https://news.cision.com/tf-bank-ab--publ-/r/tf-bank-has-completed-mergers,c3014750 The following files are available for download: |