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DnB NORD transaction completed

DnB NORD transaction completed

Today, DnB NOR has taken over the German bank NORD/LB's 49 per cent ownership interest in DnB NORD.

Since year-end 2005, DnB NOR ASA (DnB NOR) and Norddeutsche Landesbank Girozentrale (NORD/LB) have owned 51 per cent and 49 per cent, respectively, of Bank DnB NORD A/S (DnB NORD). On 2 August 2010, NORD/LB was informed that DnB NOR would exercise its contractual option to acquire NORD/LB's 49 per cent ownership interest in DnB NORD.

The transaction was completed today, and DnB NOR ASA now owns 100 per cent of the shares in
DnB NORD.

 

This information is subject to the disclosure requirements according to Section 5-12 of the Securities Trading Act.

 

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