The Norwegian oil fund sought prevented from investing in specific markets. The opposition Labour Party of Norway had proposed a ban on the country's USD800 billion wealth fund from investing in coal producers.
Tags: Norway
Norway's USD800 billion wealth fund should invest in private equity and infrastructure - central bank governor
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.
Ireland is Europe's haven for tech startups -survey
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.
Bayer preparing acquisition bid for Algeta
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.
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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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 (Photo : Reuters)Statoil announced plans to build new pipeline Statoil announced that they, along with four partners plan to build an oil pipeline that would connect the Ivar Aasen aand the Edvard Grieg oil pipeline to existing oil pipelines in the North Sea.
Norway purchases more shares in Cermaq. (Photo : Reuters)The image is a fishing boat at the Atlantic Ocean. The state of Norway had spent nearly 1. 56 billion crowns or US$254 million to increase its shareholding in fish farmer Cermaq to 60% overall.
PMC Group sold Servi to Norweigian Ferd Capital. (Photo : Reuters)The image is Norway's flag. Servi, a company that deals business within the Norwegian offshore area, have clients comprising of leading manufacturers, fleet owners, and other production businesses.
