Bluestep Bank completes cross-border merger with Norway’s Bank2

On 2 April 2024, Bluestep Bank AB (publ) completed a cross-border merger with Bank2 ASA, its wholly-owned Norwegian subsidiary following the acquisition of Bank2 ASA on 31 October 2023.

The cross-border merger was completed following approval from both the Norwegian Financial Supervisory Authority and the Swedish Financial Supervisory Authority.

The transaction represents the first cross-border merger of two banks to be completed since the new regulations on cross-border mergers came into force.

Bluestep Bank, owned by EQT, is a specialised mortgage bank, a challenger in the Nordic mortgage segment and a modern alternative to traditional high-street banks.

Björn Lander, CEO of Bluestep Bank, comments: “Today, we celebrate the successful cross-border merger of Bluestep Bank and Bank2, marking a landmark event in our journey. With legal and regulatory formalities finalized, our focus now shifts to integrating the two entities and fostering a unified company culture – one that prioritizes our people, our greatest asset. A significant stride in this direction is Bluestep Bank’s relocation to Bank2’s offices in Oslo at the beginning of April, symbolizing our commitment to unity and collaboration.”

For further details, see Bluestep Bank’s press release: Completion of the cross-border merger with Bank2 ASA – Bluestep Bank.

Bluestep Bank was advised by Mannheimer Swartling in connection with the merger.


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