Norwegian bank DNB ASA through its Chief Executive Officer Rune Bjerke rejected predictions on the country's housing market, saying that the claims were unfounded.
Norway
Foreign investors eye London's commercial projects as UK real estate recovers
The rising commercial property prices in London has prompted institutional investors to team up with commercial property developers in the UK to capitalize on the recovery of the market in UK.
MRC Global says will buy Stream AS for about $260M including debt
MRC Global Inc. announced today that it has entered into an agreement to acquire privately held Stream AS for approximately $260 million including the assumption of debt.
Norways prepares for divestments as ownership of Statoil is subject for a review
A December 4 interview conducted by Bloomberg with Industry Ministry Monica Maeland revealed Norway's plans to divest some of its holdings in several companies including Statoil ASA.
Reuters report says pension funds, other investors in rush to invest in European infrastructure
At a time when interest rates are low, investors are now seeking to invest in European infrastructure to get higher returns. However, the assets are scarce, according to a Reuters report.
Latest News
Klepierre exited from its four Norway shopping centers in a deal worth EUR 247 million or USD 336 million. The real estate investment trust is the second largest publicly-traded shopping mall operator in Europe.
The following bids, mergers, acquisitions and disposals were reported on Wednesday including Sinopec, Apache, AMR, US Airways, Deutsche Bank, EDF, Oxford, Andor, Bank Zachodni WBK, Shuanghui, Campofrio, OCZ, Toshiba and CVS Caremark.
As the new administration under Prime Minister Erna Solberg reviews the current investment mandate of its USD800 billion wealth fund, top officials like Norway central bank Governor Oeystein Olsen were pushing for a diversification of investments.
According to a research study by Dow Jones & Company, Ireland attracted the most venture capital funding per capita in the European region. The data showed that most Irish tech startups have fared well even during the economic recession.
Despite the offer at a 27% premium from yesterday's trading close of Algeta ASA's shares, the Norwegian company said through a spokesperson that it does not guarantee that it will accept Bayer AG's offer.
Yara International will be expanding its South American footprint further with its agreement to acquire OFD Holding Inc from Omimex Resources Inc for USD 425 million.
German-based pharmaceutical giant Bayer is preparing an acquisition bid amounting to NOK306 (USD49.9) per share for its Norwegian partner Algeta, according to a German newspaper.
A group of 10 investors, including Norway's sovereign wealth fund and Och-Ziff Capital Management Group LLC, have together committed to buy about $1.1 billion into China Cinda Asset Management Corp as part of its Hong Kong IPO, people familiar with the matter said on Sunday
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.
