Norway's Aker Solutions ASA on Friday announced that it will divest its well intervention business to Swedish private equity firm EQT Partners. The transaction is worth USD654.31 million, including debt.
Siem Industries and Topcon Corporation raised the bid for Norwegian satellite positioning system firm Veripos. Siem and Topcon offered NOK30 in cash for each Veripos share.
Philanthropist and Microsoft co-founder Bill Gates suggested the state of Norway should invest a portion of its massive USD800 billion wealth fund to countries in Asia and Africa.
The Norwegian oil fund sought prevented from investing in specific markets.
Eight banks were identified as 'too big to fail' by the Norwegian financial regulatory authority.
Reuters reported that that the ruling governments of Australia and Norway would face possible defeat in polls set for this month.
Norway said its sovereign wealth fund could now include Africa Israel Investments and its subsidiary company Danya Cebus in its investment portfolio.
Blackstone Group LP agreed to sell its 50% stake in the Broadgate office complex valued GBP1.7 billion according to sources familiar with the deal.
The sovereign wealth fund of Norway said it increased its share of equity holdings from 62.4% to 63.4%.
The opposition bloc in Norway stated that the government of Norway needed to revisit its US$740 billion sovereign wealth fund to improve its returns.
Statoil annnounced their plans to build new pipelines to connect 2 North Sea fields
PMC Group sold Servi to Norweigian Ferd Capital.
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