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DNB Bank Closes NOK3 Billion Share Buyback Program

MT Newswires·10/02/2026 08:44:55
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08:44 AM EDT, 10/02/2026 (MT Newswires) -- DNB Bank (DNB.OL) completed its share repurchase program, buying back 9,508,388 shares for 2.95 billion Norwegian kroner. The Norwegian financial services group said Friday it plans to cancel the repurchased shares, subject to shareholder approval at its next annual general meeting. DNB also plans to seek shareholder approval for the redemption of 9,796,520 shares, or a 0.68% stake, from the Norwegian government. The proposed redemption will ensure that the government's stake in the bank remains unchanged at 34%.