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DNB to absorb unit DNB Næringskreditt via intra-group merger

Norway-based DNB ASA said Dec. 21 that it will absorb all rights, assets and obligations of its subsidiary DNB Næringskreditt AS via an intra-group merger, pending approval from the relevant Norwegian authorities.

Subsequently, DNB Næringskreditt will be completely dissolved.

The final resolution's adoption is expected during February 2019, while its completion is expected before Dec. 31, 2019.