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Norwegian lender DNB to buy Sbanken in $1.3 bln deal

Article content OSLO — Norway’s largest bank DNB has agreed to buy smaller competitor Sbanken in a deal worth 11.1 billion Norwegian crowns ($1.3 billion), the companies said on Thursday. DNB will offer 103.85 crowns per share for Sbanken, a 29.8% premium over Wednesday’s closing price. We apologize, but this video has failed to load. Try refreshing your browser, or Norwegian lender DNB to buy Sbanken in $1.3 bln deal Back to video The takeover is set to increase DNB’s share of the No...
Toby Chopra David Goodman Niklas Midby Oslo Stock Exchange Sbanken Chairman Niklas Terje Solsvik Editing

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