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DNB - DNB ASA News Story

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

BUZZ-Sbanken: Soars on $1.3 bln offer from DNB

Thu 15th April, 2021 8:47am
** Shares in Norwegian digital bank Sbanken  SBANK.OL  rise
29% after a NOK 11.1 billion ($1.32 billion) takeover offer from
DNB  DNB.OL , Norway's largest bank  urn:newsml:reuters.com:*:nL1N2M80CZ
    ** DNB to offer NOK 103.85 per share, a premium of 29.8%
over the closing price on Wednesday
    ** Credit Suisse says the deal makes sense from a strategic
point of view, as it further strengthens DNB's footprint in
Norway, one of the more attractive retail banking markets in the
Nordics
    ** The transaction is expected to be completed in Q3 of 2021
    ** Sbanken's shares are set for their best day since the
company's IPO in 2015
    ** Shares in DNB rise 0.8%



($1 = 8.3907 Norwegian crowns)

 ((jagoda.darlak@tr.com))
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