DNB has completed the sale of Luminor to Blackstone

On 13 September 2018, DNB and Nordea announced an agreement to jointly sell 60 per cent of Luminor to a consortium led by private equity funds managed by Blackstone. As announced, the transaction was subject to customary regulatory approvals. Those approvals have now been received and the deal has now been closed.

As communicated in connection to the announcement of the deal on 13 September 2018, DNB will remain as shareholder in Luminor with a 20 per cent stake.

DNB will realise a positive impact on the Common Equity Tier 1 (“CET1”) ratio of approximately 30bps from closing the transaction. As the transaction formally closed on September 30th, the capital effect will be counted in the third quarter.

Please find link to Luminor’s stock exchange announcement here

For further information, please contact: 
Even Westerveld, EVP Corporate Communications, tel. +47 400 16 744
Jan Ole Huseby, Senior Advisor Investor Relations, tel. +47 23 26 84 08 / +47 958 61 003 

This information is subject to the disclosure requirements according to Section 5-12 of the Norwegian Securities Trading Act. 

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DNB is Norway's largest financial services group and offers financial products and services, including loans and deposits, mutual funds and asset management, life insurance and pension savings, payment and financing services, real estate broking and services related to the money and capital markets.

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