Reference is made to the stock exchange notice published on 23 December 2019, in
which DNB ASA's minimum requirement for own funds and eligible liabilities (the
MREL requirement) was announced. It was also announced that DNB, subject to
permission from the Norwegian Ministry of Finance, had initiated a process to
merge DNB ASA and DNB Bank ASA, which would make DNB Bank ASA the ultimate
parent company of the DNB Group. The merger will enable the DNB Group to issue
non-preferred senior debt from DNB Bank ASA.
Today, the Ministry of Finance has announced the approval of the new structure.
Following the upcoming merger process, DNB Bank ASA will be the holding company
in the Group, with DNB Livsforsikring AS and DNB Asset Management Holding AS as
subsidiaries. Further regulatory permissions are required before we can proceed
with the merger. The merger process will take place at the earliest in 2021.
For further information, please contact:
Rune Helland, head of Investor Relations, tel. (+47) 23 26 84 00 / (+47) 977
13 250
This information is subject to the disclosure requirements according to Section
5-12 of the Norwegian Securities Trading Act.