Morrow Bank AB (“Morrow Bank”) is evaluating strategic alternatives relating to certain non-core assets that are expected to be acquired in connection with the MedMera Bank transaction which is anticipated to close in the first half of July.
In this context, Morrow Bank is engaged in discussions with external parties regarding potential opportunities. Ernst & Young AB has been engaged as financial adviser to Morrow Bank in connection with the evaluation. No final decision has been taken to proceed with a transaction and there can be no assurance that the discussions will result in a transaction being completed.