By Dominic Chopping

Norway's largest lender DNB ASA said late Monday that its offer for Norwegian digital bank Sbanken ASA has received acceptances from shareholders representing 81.0% of the shares, and together with the 9.9% of shares it already holds, DNB has offer acceptances totaling 90.9%.

DNB said in April that it had agreed to buy Sbanken for 11.1 billion Norwegian kroner ($1.33 billion), subject to a 90% minimum acceptance level.

The bank said Monday that the calculation of the number of shares tendered in the offer is preliminary and remains subject to potential adjustments through a verification process.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

June 15, 2021 04:02 ET (08:02 GMT)