IFLR1000

DNB / SpareBank 1 insurance operations merger

9/2/2019
Merger
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$ 2.4 billion

Completed

9/2/2019

Overview:

  • Norwegian bank DNB and the Sparebank 1 consortium of banks have agreed to merge their insurance operations in a jointly owned company valued at $2.4 billion.

Prin Shasiharan - Researcher

Jurisdiction:

Norway

Deal type:

Merger

Practice area:

M&A

Industry sectors:

Banking
Financial services

Firms:
CLP

Party: SpareBank 1 Markets (Merger party)

Thommessen

Party: SpareBank 1 Markets (Merger party)

Party: DNB Bank (Merger party)

Lawyers: Hans Cappelen Arnesen, Tore Mydske

Wiersholm

Party: DNB Bank (Merger party)

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