The Norwegian Competition Authority prohibits acquisition transaction between two mutual funds companies (DNB / Sbanken)

DNB not allowed to acquire Sbanken* The Norwegian Competition Authority has decided to prohibit DNB’s acquisition of Sbanken. After having considered the proposed remedies, the Authority is still of the view that the acquisition will weaken competition in the market for mutual funds. This may lead to higher prices and harm consumers who invest in such funds. DNB’s acquisition of Sbanken has been reviewed by the Authority since mid – April. Following its preliminary assessment, the Authority notified the parties