DnB NOR Bank ASA
DnB NOR takes over Kid Interiør AS

DnB NOR Bank ASA / 

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Based on the breach of the loan agreement between DnB NOR and Nordisk Tekstil
Holding, DnB NOR has initiated a process to take over ownership of the
subsidiary Kid Interiør AS. 
 
As the company's owner, DnB NOR will continue the operations of Kid Interiør
AS, which has 109 outlets and more than 1 000 employees. Kid Interiør has a
dominant position in the Norwegian home textile market and had a total turnover
of just over NOK 860 million in 2008. 
 
A notification of the take-over has been sent to the Norwegian Competition
Authority on 7 May. Up until the take-over, which can take place in no less
than three weeks, there will be continued dialogue with the owners to find an
optimal solution for Kid Interiør AS. 


Contact person:
Trond Bentestuen, 
group executive vice president, 
Corporate Communications, 
tel. +47 950 28 448

News Source: NASDAQ OMX

07.05.2009  Financial News transmitted by DGAP
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Language:     English
Issuer:       DnB NOR Bank ASA
              
               
              Latvia
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         LV0000800399
WKN:          
 
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