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