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NOK182.7 3.3  1.9%

Last Trade - 14/05/21

Sector
Financials
Size
Large Cap
Market Cap £24.25bn
Enterprise Value £55.92bn
Revenue £4.98bn
Position in Universe 29th / 1828

BRIEF-DNB says no reason why competition watchdog would block Sbanken takeover

Thu 15th April, 2021 10:20am
April 15 (Reuters) - DNB  DNB.OL  Chief Financial Officer
Ottar Ertzeid told a conference call on Thursday:
    * DNB NOW HOLDS MORE THAN 5% OF SBANKEN'S SHARES
    * COST SYNERGIES FROM SBANKEN TIE-UP WILL BE REALISED OVER
3-4
YEARS
    * IN OUR OPINION, THERE IS NO REASON WHY NORWEGIAN
COMPETITION
AUTHORITY WOULD BLOCK SBANKEN DEAL
    * THERE MIGHT BE SOME RESTRUCTURING COSTS INVOLVED IN
ACQUIRING
SBANKEN
    * DNB IS FULLY COMMITTED TO ITS DIVIDEND POLICY
    * WITH THE TRANSACTION TODAY THERE IS LESS CHANCE FOR SHARE
BUY-BACKS
    * IF SBANKEN GETS OTHER OFFER, DNB HAS THE RIGHT TO MATCH
THAT
OFFER

Further company coverage:  DNB.OL 

 (Reporting by Victoria Klesty, editing by Terje Solsvik)
 ((terje.solsvik@thomsonreuters.com;))
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