SEB’s Acquisition of Privatbanken Approved

SEB has received approval from the Norwegian Ministry of Finance for the acquisition of Privatbanken. The confirmation means that all terms and conditions in connection with SEB’s voluntary offer from 6 May 2005 have been fulfilled. As a result, SEB will start proceedings for the acquisition of the shares, convertible debentures and subscription rights for which the bank previously received acceptance in the voluntary offer. SEB will thereby own 67,663,704 shares in Privatbanken equivalent to 98.35 per cent of the outstanding share capital.


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