During week 29 2018, DNB ASA has purchased 1 053 000 own shares at an average price of NOK 156.90 per share. After this, DNB ASA owns a total of 5 776 000 own shares,in addition to the shares that will be deleted upon completion of the capital reduction resolved in connection with the share buy-back carried out prior to the annual general meeting in 2018.

The repurchase of shares is part of the share buy-back programme announced by DNB ASA on 6 June 2018. The buy-back programme comprises up to approximately 24.1 million shares, of which up to approximately 15.9 million shares may be repurchased in the open market. The rest will be redeemed from the state of Norway on a proportionate basis, subject to approval from DNB ASA's annual general meeting in 2019, so that its current ownership interest of 34.00% will remain unaffected following completion of the buy-back programme.

For further information about the share buy-back programme, DNB ASA refers to the Oslo Stock Exchange notification made on 6 June 2018 (available from www.newsweb.no).

During week 30 2018, DNB ASA has purchased 925 500 own shares at an average price of NOK 162.00 per share. After this, DNB ASA owns a total of 6 701 500 own shares, in addition to the shares that will be deleted upon completion of the capital reduction resolved in connection with the share buy-back carried out prior to the annual general meeting in 2018.

The repurchase of shares is part of the share buy-back programme announced by DNB ASA on 6 June 2018. The buy-back programme comprises up to approximately 24.1 million shares, of which up to approximately 15.9 million shares may be repurchased in the open market. The rest will be redeemed from the state of Norway on a proportionate basis, subject to approval from DNB ASA's annual general meeting in 2019, so that its current ownership interest of 34.00% will remain unaffected following completion of the buy-back programme.

For further information about the share buy-back programme, DNB ASA refers to the Oslo Stock Exchange notification made on 6 June 2018 (available from www.newsweb.no).

In accordance with the purpose of the buy-back programme carried out by DNB ASA between the annual general meetings in 2017 and 2018, the company’s annual general meeting of  held on 24 April 2018 resolved a reduction in the company’s share capital of NOK 244,319,730, from NOK 16,287,988,610 to NOK 16,043,668,880, by deletion or redemption of a total of 24,431,973 shares.

The capital reduction was approved by The Norwegian FSA on 4 June 2018, and subsequently filed with the Norwegian Register of Business Enterprises to trigger a 6 weeks’ creditor notice period. The creditor notice period has now expired, and the the capital decrease has been completed in accordance with the resolution from the annual general meeting. 

During week 31 2018, DNB ASA has purchased 672 000 own shares at an average price of NOK 163.63 per share. After this, DNB ASA owns a total of 7 373 500 own shares.

The repurchase of shares is part of the share buy-back programme announced by DNB ASA on 6 June 2018. The buy-back programme comprises up to approximately 24.1 million shares, of which up to approximately 15.9 million shares may be repurchased in the open market. The rest will be redeemed from the state of Norway on a proportionate basis, subject to approval from DNB ASA's annual general meeting in 2019, so that its current ownership interest of 34.00% will remain unaffected following completion of the buy-back programme.

For further information about the share buy-back programme, DNB ASA refers to the Oslo Stock Exchange notification made on 6 June 2018 (available from www.newsweb.no).

During week 32 2018, DNB ASA has purchased 628 500 own shares at an average price of NOK 166.43 per share. After this, DNB ASA owns a total of 8 002 000 own shares.

The repurchase of shares is part of the share buy-back programme announced by DNB ASA on 6 June 2018. The buy-back programme comprises up to approximately 24.1 million shares, of which up to approximately 15.9 million shares may be repurchased in the open market. The rest will be redeemed from the state of Norway on a proportionate basis, subject to approval from DNB ASA's annual general meeting in 2019, so that its current ownership interest of 34.00% will remain unaffected following completion of the buy-back programme.

For further information about the share buy-back programme, DNB ASA refers to the Oslo Stock Exchange notification made on 6 June 2018 (available from www.newsweb.no).

During week 33 2018, DNB ASA has purchased 535 000 own shares at an average price of NOK 166.02 per share. After this, DNB ASA owns a total of 8 537 000 own shares.

The repurchase of shares is part of the share buy-back programme announced by DNB ASA on 6 June 2018. The buy-back programme comprises up to approximately 24.1 million shares, of which up to approximately 15.9 million shares may be repurchased in the open market. The rest will be redeemed from the state of Norway on a proportionate basis, subject to approval from DNB ASA's annual general meeting in 2019, so that its current ownership interest of 34.00% will remain unaffected following completion of the buy-back programme.

For further information about the share buy-back programme, DNB ASA refers to the Oslo Stock Exchange notification made on 6 June 2018 (available from www.newsweb.no).

During week 34 2018, DNB ASA has purchased 501 000 own shares at an average price of NOK 168.29 per share. After this, DNB ASA owns a total of 9 038 000 own shares.

The repurchase of shares is part of the share buy-back programme announced by DNB ASA on 6 June 2018. The buy-back programme comprises up to approximately 24.1 million shares, of which up to approximately 15.9 million shares may be repurchased in the open market. The rest will be redeemed from the state of Norway on a proportionate basis, subject to approval from DNB ASA's annual general meeting in 2019, so that its current ownership interest of 34.00% will remain unaffected following completion of the buy-back programme.

For further information about the share buy-back programme, DNB ASA refers to the Oslo Stock Exchange notification made on 6 June 2018 (available from www.newsweb.no).

During week 35 2018, DNB ASA has purchased 465 000 own shares at an average price of NOK 171.89 per share. After this, DNB ASA owns a total of 9 503 000 own shares.

The repurchase of shares is part of the share buy-back programme announced by DNB ASA on 6 June 2018. The buy-back programme comprises up to approximately 24.1 million shares, of which up to approximately 15.9 million shares may be repurchased in the open market. The rest will be redeemed from the state of Norway on a proportionate basis, subject to approval from DNB ASA's annual general meeting in 2019, so that its current ownership interest of 34.00% will remain unaffected following completion of the buy-back programme.

For further information about the share buy-back programme, DNB ASA refers to the Oslo Stock Exchange notification made on 6 June 2018 (available from www.newsweb.no).

(Oslo, 13 September 2018) DNB and Nordea, which decided to merge their respective Baltic operations in 2016, have entered into an agreement with Blackstone to sell part of their shares in the merged bank, Luminor.

Luminor Group was established as an independent Baltic bank in 2017, built on the Baltic businesses of Nordea and DNB. Today, Luminor is the 3rdlargest financial services provider in the region, with a 23% lending market share, €15 billion of assets, 3,000 employees and 64 branches across the region. 

The buyer is a consortium led by private equity funds managed by Blackstone, one of the world’s leading investment firms, and with a strong international presence and experience within the financial services sector.

“This is a good deal for both Luminor and the current owners. Luminor has a strong position in the Baltic market, and Blackstone will be a solid majority owner for the next phase of Luminor’s journey,” says Kjerstin Braathen, chief financial officer in DNB.

As part of the transaction, the consortium will acquire a 60% majority stake in the bank from its current owners Nordea Bank AB (“Nordea”) and DNB BANK ASA (“DNB”) for a cash consideration of €1 billion. DNBs stake in Luminor Group was 43,5 per cent before the transaction. After the transaction, DNB will own 20 per cent of the shares in Luminor Group.

“We will stay on as a minority owner in Luminor because we believe the company is well positioned to create value for customers, employees and shareholders. The bank has a strong digital focus, talented staff and broad Baltic operations,” says Braathen.

The transaction as such will not have any significant impact on the DNB Group’s overall financial results. 

During week 37 2018, DNB ASA has purchased 180 000 own shares at an average price of NOK 169.91 per share. After this, DNB ASA owns a total of 9 683 000 own shares.

The repurchase of shares is part of the share buy-back programme announced by DNB ASA on 6 June 2018. The buy-back programme comprises up to approximately 24.1 million shares, of which up to approximately 15.9 million shares may be repurchased in the open market. The rest will be redeemed from the state of Norway on a proportionate basis, subject to approval from DNB ASA's annual general meeting in 2019, so that its current ownership interest of 34.00% will remain unaffected following completion of the buy-back programme.

For further information about the share buy-back programme, DNB ASA refers to the Oslo Stock Exchange notification made on 6 June 2018 (available from www.newsweb.no).