DNB Bank to acquire Carnegie from Altor Equity for SEK12bn.

DNB Bank, Norway's largest financial services group, agreed to acquire Carnegie, an investment bank and asset manager in the Nordics, from Altor Equity, a private equity firm, for SEK12bn. "Through the acquisition of Carnegie, our goal is to provide even better solutions to our clients. We and Carnegie are realizing our joint ambition to build a leading player across the Nordic region in investment banking, securities brokerage and research, corporate banking, private banking and asset management. Carnegie is a perfect fit, in-line with our strategy, and the Transaction marks a step change in increasing the share of fee related income for DNB as a whole," Kjerstin Braathen, DNB CEO.