M&A Activity • May 27, 2021
M&A Activity
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Merger with DNB Bank ASA - approvals from the Ministry of Finance
On 30 November 2020, the general meetings of DNB ASA and DNB Bank ASA decided to
merge the companies, with DNB Bank ASA as the surviving company.
The completion of the merger is conditional on obtaining the necessary
regulatory approvals. Such approvals were granted today, by the Norwegian
Ministry of Finance.
The merger is scheduled to be completed on or around 1 July 2021. DNB ASA will
be traded under the temporary ticker "DNBH" on the last two trading days prior
to completion of the merger. This is, due to technical limitations, necessary to
enable DNB Bank ASA to have "DNB" as its permanent ticker following the merger.
More specific information regarding the time line will be provided prior to
completion of the merger.
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