DNB ASA logo

DNB - DNB ASA News Story

NOK182.7 3.3  1.9%

Last Trade - 14/05/21

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
    ** 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)

© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.