Norway's biggest bank, has said it will buy Carnegie Holding AB, a leading Nordic investment bank and asset manager, for SEK 12 billion ($1.14 billion). The transaction, expected to close in

DNB, the largest bank in Norway, will acquire Sweden-based Carnegie Holding from private equity firm Altor for 12 billion Swedish kronor ($1.2 billion), according to a news release. Carnegie Holding is the parent company of Carnegie Group, an investment bank based in the Nordic region that focuses on alternatives and active management.

STOCKHOLM (Reuters) -Norway's largest bank DNB said on Monday it had agreed to buy Swedish investment bank and asset manager Carnegie from private equity firm Altor and minority shareholders for around 12 billion Swedish crowns ($1.14 billion).