DNB Bank buys back NOK 1.2bn of shares

DNB Bank ASA has repurchased 4,472,531 of its own shares for NOK 1.21 billion, representing 0.30% of the company's equity.

The program targets up to 1% of shares (14.8 million shares) with a maximum consideration of NOK 4.21 billion. Most shares will be acquired on trading venues for cancellation, while remaining shares will be redeemed from the Norwegian government to maintain its 34% ownership stake.