Norwegian shipping bank to raise USD 350 million
Oslo-based Maritime & Merchant Bank, which will launch its business on April 1st, plans to issue shares to raise up to USD 350 million from future stakeholders.
BY JØRGEN RUDBECK
Last week the Norwegian Financial Supervision Authority (FSA) gave Maritime & Merchant Bank the final approval, which means that the bank can now focus on securing the necessary financial base ahead of launching its operations.
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