Norway-based bank SpareBank 1 Telemark said March 7 that its board of directors decided to explore a potential IPO to "strengthen future competitiveness."
"A future listing will strengthen our opportunities to continue the bank's profitable growth strategy," CEO Per Halvorsen said.
The bank said its board is expected to decide on a potential application for listing on Oslo Børs during the second half depending on market conditions, adding that it has engaged advisers in connection with the possible listing.
