DNBNOR - DNB NOR TO ACQUIRE MONCHEBANK IN MURMANSK
DnB NOR to acquire Monchebank in Murmansk DnB NOR has entered into an agreement to acquire Monchebank, headquartered in Murmansk with 180 employees. DnB NOR established a representative office in Murmansk in 1999 and has cooperated with Monchebank for several years. `The acquisition of Monchebank will give us a sound position in an area with exciting prospects once the large oil and gas fields in the Barents Sea are due for extraction,` says Svein Aaser, group chief executive in DnB NOR. The acquisition of Monchebank is in line with DnB NOR`s stated international strategy, which implies