This is stated by DNB in a stock exchange announcement on Monday morning. Swedish Altor is the main shareholder and, together with the minority shareholders, is selling all the shares in Carnegie Holding.
– Carnegie is a perfect match, in line with our strategy and the acquisition is a change of pace on the way to increasing the share of commission income for DNB overall, says Kjerstin Braathen, CEO of DNB.
Carnegie Holding is the parent company of the Nordic investment bank and asset manager Carnegie Group. The company has 850 employees.
DNB Markets changed name
At the same time as the acquisition, the name of DNB Markets is changed to DNB Carnegie, so that “the companies’ strong reputation and culture are continued under one common brand”.
The acquisition requires permits from the authorities in several jurisdictions and is expected to be completed in the first half of next year.
– The aim of the takeover of Carnegie is to offer even better solutions to our customers. Together with Carnegie, we are putting real power behind the ambition to become a leading Nordic player, says Braathen.
Will become a leader in the Nordics
The new company will become a leader in investment banking, securities brokerage and analysis, corporate banking, private banking and asset management, according to the DNB chief.
Carnegie CEO Tony Elofsson calls DNB “a perfect partner”.
– Technically speaking, this is an acquisition, but DNB and Carnegie see the transaction as an operational merger under a common brand, DNB Carnegie, with ambitions to become a leader in the Nordics in financial advisory and asset management, Carnegie writes in a press release.
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