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).

DNB said in a statement it expects to finalise the deal, which is subject to approvals from authorities, in the first half of 2025.

"We and Carnegie are realising our joint ambition to build a leading player across the Nordic region in investment banking, securities brokerage and research, corporate banking, private banking and asset management," DNB said in a statement.

($1 = 10.5308 Swedish crowns)