DNB Bank ASA has finalized an agreement to purchase all shares of Carnegie Holding AB from Altor and minority shareholders. The total transaction value is approximately 12 billion Swedish kronor. Carnegie Holding AB serves as the parent company of the Carnegie Group, a prominent investment bank and asset manager within the Nordic region. Following this acquisition, DNB Markets will undergo a global rebranding to DNB Carnegie.
Carnegie's contribution to DNB's net income, excluding synergies and other transaction benefits, is anticipated to exceed 1 billion kronor starting in 2025. This acquisition is predicted to be beneficial to DNB Group, with projected returns on invested capital surpassing 15 percent once fully integrated.
