Norwegian Government Sells Stake in Den Norske Bank


The Norwegian government is divesting a 13.4% stake in Den norske Bank, parent company of one of the Norwegian factoring market’s major players, DnB Factors.

After the sale, the Norwegian Government will own 47.3% of Den norske Bank. The consideration is around NOK 4.6billion. The shares will be aimed at Norwegian and International institutional investors. Merrill Lynch International is coordinating the sale.

Source: Zephus



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Posted on Mar 14, 2001
Region: Norway