The Ministry of Finance has approved the sale of shares in Den norske Bank
Historical archive
Published under: Stoltenberg's 1st Government
Publisher: Ministry of Finance
33/2001
Press release | Date: 02/04/2001 | Last updated: 21/10/2006
Press release
No.: 33/2001
Date: 02.04.01
Contacts: Anne-Sissel Skånvik, telephone +47 22 24 41 09
The Ministry of Finance has approved the sale of shares in Den norske Bank
The Ministry of Finance has approved the decision by the Government Bank Investment Fund to sell 104 million shares in Den norske Bank (DnB).
In accordance with the Storting’s guidelines, the stake is to be reduced towards 1/3 and further sales will be assessed according to commercial terms.
It follows from the Act governing the Government Bank Investment Fund that decisions on sale of shares are to be submitted to the Ministry of Finance in advance. The decision by the Government Bank Investment Fund to sell 104 million shares at a price of NOK 41.50 per share has been submitted to the Ministry. After this sale, the stake will be 47.3 per cent of the shares.
The Ministry of Finance has in a letter dated 1 April informed the Government Bank Investment Fund that the Ministry does not have any remarks to the submission.
For further information regarding the sale, please contact the Government Bank Investment Fund. Contact person is Managing Director Jan Willy Hopland, phone no (+47) 22 83 69 00.