Norway

Aker Solutions exits well intervention business, EQT Partners to take over

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.

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Siem, Topcon beat Hexagon's bid for Veripos

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.

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Gates urges Norway to place investments from USD800 billion fund to Africa, Asian projects

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.

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Norway's opposition Labor Party seeks to prevent investment areas for its coal fund

The Norwegian oil fund sought prevented from investing in specific markets.

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Norway's financial regulator requires 'too big to fail' tag on eight banks

Eight banks were identified as 'too big to fail' by the Norwegian financial regulatory authority.

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Australia, Norway governments face defeat in polls despite booms- Reuters

Reuters reported that that the ruling governments of Australia and Norway would face possible defeat in polls set for this month.

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Norway approves Africa Israel Investments, Danya Cebus for sovereign wealth fund investment

Norway said its sovereign wealth fund could now include Africa Israel Investments and its subsidiary company Danya Cebus in its investment portfolio.

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Blackstone to sell Broadgate stake for USD2.7 billion

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.

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Norway's sovereign wealth fund increases equity holdings share

The sovereign wealth fund of Norway said it increased its share of equity holdings from 62.4% to 63.4%.

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Norway needs to reasses its US$740 billion sovereign wealth fund

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.

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Statoil And Partners To Build New Pipeline

Statoil annnounced their plans to build new pipelines to connect 2 North Sea fields

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Norway increases stake in Cermaq

Norway purchases more shares in Cermaq.

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Ferd Capital acquires Servi from PMC Group

PMC Group sold Servi to Norweigian Ferd Capital.

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