Still not certain whether DNB will be allowed to buy Sbanken

Asia's Tech News Daily

Still not certain whether DNB will be allowed to buy Sbanken

The Norwegian Competition Authority postponed the deadline for deciding on the approval of DNB’s acquisition of Sbanken until November 18.

Since April, the Norwegian Competition Authority has considered whether to stop DNB’s acquisition of competitor Sbanken.

In June, it became known that DNB had secured 90.9% of the shares in the bank at NOK 108.85 per share. 

The Norwegian Competition Authority announced on June 24 that it might stop the acquisition, and the bank re-announced its acquisition notification on August 26. 

The Authority has been concerned that DNB’s acquisition of Sbanken could lead to weakened competition on the market and poorer conditions for bank customers who want to save in funds.

Source: © NTB Scanpix / #Norway Today / #NorwayTodayFinance

Internet Explorer Channel Network
Asia's Tech News Daily
News Related

OTHER NEWS

New Strong Buy Stocks for December 1st

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: – Zacks The Chemours Company CC: This provider of performance chemicals has seen the Zacks Consensus ... Read more »

Materials ETF (REMX) Hits New 52-Week High

For investors seeking momentum, VanEck Rare Earth/Strategic Metals ETF REMX is probably on radar. The fund just hit a 52-week high and is up about 124% from its 52-week low ... Read more »

Alitalia successor ITA orders 28 aircraft from Airbus

ITA Airways Chairman Alfredo Altavilla poses with the image of the new livery for the carrier’s jets PARIS (Reuters) – Italy's new ITA Airways has ordered 28 Airbus planes, the ... Read more »

Inflation in Russia nears six-year peak ahead of cenbank meeting

FILE PHOTO: A view shows Russian rouble coins in this illustration picture MOSCOW (Reuters) – Russia's annual inflation accelerated to a near six-year peak of 8.38% in late November, weeks ... Read more »

Reasons to Hold Pentair (PNR) Stock in Your Portfolio Now

Pentair plc PNR has been benefiting from strong demand in its residential focused businesses. Activity in industrial and commercial businesses continues to pick up and demand for pool maintenance remains ... Read more »

Private Payrolls' Growth Surpasses November Expectations

Private payrolls in the U.S. grew by 534,000 in November, beating the 506,000 expectations according to payroll processing company ADP on Wednesday. The data shows businesses were successful at hiring ... Read more »

Ambarella (AMBA) Q3 Earnings and Revenues Beat Estimates

Ambarella AMBA reported third-quarter fiscal 2022 non-GAAP earnings of 57 cents per share, which outpaced the Zacks Consensus Estimate by 16.3%. The reported figure jumped over six-fold from the prior-year ... Read more »

2 Life Sciences Software Stocks to Buy Right Now

Rising investments in various segments of the life science industry, and rapid tech integration, make its long-term growth prospects look bright. So, we believe that the heightened need for tracking ... Read more »

Zscaler (ZS) Earnings & Revenues Surpass Estimates in Q1

Zscaler ZS delivered better-than-anticipated first-quarter fiscal 2022 performance.Zscaler reported non-GAAP earnings of 14 cents per share, which beat the Zacks Consensus Estimate of 12 cents per share. The bottom line ... Read more »

General Mills (GIS) Divests Yoplait, Boosts Accelerate Strategy

General Mills Inc. GIS divested 51% controlling interest in its European Yoplait operations to Sodiaal. The deal was initially announced on Mar 23. The company now has full ownership of ... Read more »

Is Li Auto (LI) Worth Betting on Post Encouraging Q3 Show?

Li Auto LI scored the second straight day of price increase after delivering third-quarter 2021 numbers on Nov 29, before the opening bell. Quarterly results fueled optimism as revenues rocketed ... Read more »

Jones Lang (JLL) Acquires Building Engines for $300 Million

Jones Lang LaSalle Incorporated JLL — popularly known as JLL — recently shelled out $300 million in cash for the acquisition of the reputed building operations platform, Building Engines. The ... Read more »

Is the Options Market Predicting a Spike in Calix (CALX) Stock?

Investors in Calix, Inc. CALX need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 21, 2022 $15.00 Put ... Read more »

Are These Oils-Energy Stocks a Great Value Stocks Right Now?

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are ... Read more »

Moderna's (MRNA) Stock Falls on Omicron Variant Concerns

Shares of Moderna MRNA declined 4.4% on Tuesday after soaring nearly 35% in the previous two trading sessions due to uncertainty about the risks of the new, highly transmissible COVID-19 ... Read more »

These Are the Ten Best Performing Cryptocurrencies in November 2021

As in the past few years, cryptocurrencies were a trending topic last month as well. This relatively newer asset continues to attract new investors at a brisk pace. However, considering ... Read more »

A for-profit prison company is going public via SPAC, raising ESG concerns in the blank-check space

A trader works on the floor of the New York Stock Exchange (NYSE) on November 29, 2021 in New York City.Spencer Platt | Getty Images The red-hot SPAC market could ... Read more »

Harrison Street CEO Christopher Merrill says inflation could last 'for the next decade'

(Click here to subscribe to the new Delivering Alpha newsletter.) During his testimony before the Senate Banking, Housing and Urban Affairs committee on Tuesday, Fed Chair Powell said inflation “won't leave a ... Read more »

State pension: Britons urged to act in order to ‘get every penny' from DWP sum

State pension payments are of vital importance to millions, who expect the sum to increase each year. However, the well-known Triple Lock policy has been abandoned by the Government this ... Read more »

Premium Bonds: The four things you should know before investing

Premium Bonds are the leading savings product in the UK with more than £114 billion invested in these protected savings accounts by Brits across the nation. Trusted by more than ... Read more »

Aristocrat says Playtech takeover expected to close in Q2 next year

FILE PHOTO: Businessman toy figure is placed on gambling chips in front of displayed Playtech logo in this illustration taken (Reuters) – Australia's Aristocrat Leisure said on Wednesday its 2.1-billion-pound ... Read more »

Bomb found near the US ambassadorial residence in Reykjavik

A homemade bomb has been found in a rubbish bin near the residence of the US ambassador in Reykjavik, Icelandic media reports. Three people were arrested when the special forces ... Read more »

Analysis - Europe not yet ready to abandon "transitory" inflation view

FILE PHOTO: Headquarters of the European Central Bank (ECB) are illuminated with a giant euro sign in Frankfurt By Balazs Koranyi and William Schomberg FRANKFURT/LONDON (Reuters) – The Federal Reserve ... Read more »

Inflation in Russia accelerates ahead of cenbank meeting

FILE PHOTO: Policeman stands guard at main entrance to Bank of Russia in Moscow MOSCOW (Reuters) – Russia's weekly inflation accelerated to 0.46% in late November, its highest since early ... Read more »

Here's what you can do now to set yourself up for financial success in 2022

Jordan Siemens | DigitalVision | Getty Images Just like that, there's one month left in the year. There's no better time than now to start thinking about what you can ... Read more »

Here are must-know changes for the 2021 tax season

Fizkes | Getty Images Another year of grappling with coronavirus has led to significant tax law changes for the 2021 season. While year-end tax planning is always important, recent adjustments ... Read more »

Around 400 Seadrill Norway Crew employees could lose their jobs soon

Around 40% of the employees in Seadrill Norway Crew could lose their jobs when two rigs complete their assignments in the new year. Seadrill has 1,050 employees in Norway through ... Read more »

Drax is expected to profit from UK energy crisis until 2023

Photograph: Anna Gowthorpe/PA Company’s shares hit seven-year high after revealing plans to invest £3bn despite questions over biomass The owner of the Drax power station is expected to profit from ... Read more »

UK's River and Mercantile rejects new approach for pensions business

(Reuters) – British fund manager River and Mercantile Group (R&M) said on Wednesday it had rejected an informal takeover approach from a blank-check company for its pensions business that it ... Read more »

Italy's Leonardo says buyer's nationality not key issue in units' sale

Leonardo‘s CEO Profumo is seen on a screen at the headquarters in Vergiate MILAN (Reuters) – Italian defence group Leonardo said on Wednesday the nationality of a future buyer of ... Read more »

London rises up list of most expensive cities in the world while Paris loses top spot

London has climbed the rankings of the world’s most expensive cities as the cost of living in the capital soars. According to The Economist Intelligence Unit, the city has become ... Read more »

Inheritance tax relief 'no longer fit for purpose' - Sunak 'missed opportunity' for reform

HM Treasury yesterday ruled out Inheritance Tax (IHT) relief changes in the Office of Tax Simplification’s first five-year review. The Office of Tax Simplification was commissioned by Chancellor of the ... Read more »

Bosnia miners end 9-day protest after clinching wage, pension deal

Coal miners are seen during protest in Sarajevo SARAJEVO (Reuters) – About 7,000 miners will return to work at Bosnia's seven coal mines after securing a deal with the government ... Read more »

Italy may shift 2 billion euros from tax cuts to energy price curbs - sources

Italy’s PM Draghi holds news conference with France’s President Macron, in Rome By Giuseppe Fonte and Gavin Jones ROME (Reuters) -Italy is considering increasing by some 2 billion euros ($2.27 ... Read more »

More than half of employers to require Covid vaccines as omicron fears grow

As President Joe Biden's nationwide employer vaccine mandate gets held up in court, more employers are considering implementing their own requirements. The majority of U.S. employers now have, or plan ... Read more »

Capital One says it is ditching all consumer overdraft fees, giving up $150 million in annual revenue

Capital One CEO and Chairman, Richard Fairbank.Marvin Joseph| The Washington Post | Getty Images Capital One says it is eliminating all overdraft fees for retail banking customers. It's the largest ... Read more »

BoE's Bailey says COVID impact weaker but still strong

FILE PHOTO: Bank of England press conference LONDON (Reuters) – The economic impact from COVID-19 has faded since the start of the pandemic but still remains strong, Bank of England ... Read more »

Analysis - A trillion-dollar wager that interest rates won't rise far

FILE PHOTO: The Charging Bull or Wall Street Bull is pictured in the Manhattan borough of New York City By Yoruk Bahceli (Reuters) – A build up of bets on ... Read more »

Analysis-European insurers fear sanctions coming down Nord Stream 2 pipe

FILE PHOTO: A view shows Chelyabinsk Pipe Rolling Plant in Chelyabinsk By Carolyn Cohn and Kirstin Ridley LONDON (Reuters) – A simmering threat of sanctions against the operator of the ... Read more »

Couple denied a mortgage because they forgot to pay BT phone bill five years ago

A couple almost lost their dream home after being declined for a mortgage because they forgot to pay a phone bill five years ago. Kerry Hepton, 34, and her partner ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic