Nordea's Norwegian concession granted

Nordea's Norwegian concession granted Today the Norwegian Government has granted Nordea concession to acquire all shares in Christiania Bank og Kreditkasse ASA (CBK). "We are very satisfied that our Nordic four-leaf clover will now shortly be in place and the concession by the Norwegian authorities gives us the possibility to move on in a high tempo," says Hans Dalborg, Group CEO of Nordea. "We now look forward to starting the New Year with CBK as a part of the Nordea Group." "We already have plans for an efficient integration process and also for quick applications of CBK best practice in the Group. The first top management appointments were made during November and will soon be followed by further appointments within the business areas, says Thorleif Krarup, Deputy Group CEO of Nordea. A time plan for completion and settlement and further measures to be taken will be announced shortly. The further process includes: * Mandatory offer,"pliktig tilbud", to be open four weeks * Compulsory redemption, "tvungen overføring" * Listing of Nordea shares on the Oslo Stock exchange and delisting of CBK shares * During February 2001 CBK will hold an EGM to change articles of association, elect Board of Representatives, a Control Committee and an Election Committee. For further information: Lars Thalén, Group Identity & Communications, +46 8 614 79 51 Torben Laustsen, Group Identity & Communications +45 33 33 34 51 Erik Evrén, Group Media Relations, +46 8 614 86 11 Lauri Peltola, Media Relations, +358 9 165 42 324 ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/12/18/20001218BIT01310/bit0001.doc http://www.bit.se/bitonline/2000/12/18/20001218BIT01310/bit0002.pdf

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Nordea’s vision is to be a Great European bank, acknowledged for its people, creating superior value for customers and shareholders. We are making it possible for our customers to reach their goals by providing a wide range of products, services and solutions within banking, asset management and insurance. Nordea has around 11 million customers, approximately 650 branch office locations and is among the ten largest universal banks in Europe in terms of total market capitalisation. The Nordea share is listed on the Nasdaq Stockholm, Nasdaq Helsinki and Nasdaq Copenhagen exchanges. More info: www.nordea.com

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