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DNB Bank Wraps Up NOK2.77 Billion Share Buyback Program

MT Newswires·07/10/2026 08:20:49
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08:20 AM EDT, 07/10/2026 (MT Newswires) -- DNB Bank (DNB.OL) completed its share buyback program with the repurchase of 9,508,388 shares at an average price of 290.88 Norwegian kroner each for a total of 2.77 billion kroner. The bank said Friday the shares will be proposed for cancellation at its next annual general meeting, which will also vote on its plans to redeem 4,898,260 shares from Norway's Ministry of Trade, Industry and Fisheries. It added that the measure, worth 1.43 billion kroner, will ensure that the government's stake in the group will stay at 34%. The share buyback program was announced on May 15.