Looking for a specific product?

Make a search for products & suppliers, articles & news.

Increased flexibility in ownership of Telenor and Kongsberg Gruppen

In the forthcoming white paper concerning direct state ownership in enterprises, the Government will announce that it will propose to the Storting (the Norwegian Parliament) the flexibility to reduce the state’s ownership in Telenor ASA and Kongsberg Gruppen ASA to 34 per cent.

This will enhance the state’s ability to reduce its shareholding or support potential mergers, acquisitions or other strategic changes that may create value.

- I would like to emphasise that there is no need for changes in state ownership in these companies in the short-term and there is no obligation to divest shares. Any change will depend on commercial considerations taking into account company-specific aspects as well as market conditions, among other factors, says Ms. Monica Mæland, the Minister of Trade and Industry.

- Both Telenor and Kongsberg Gruppen are important Norwegian corporations and it is the objective of the Government that the headquarter functions of these companies remain in Norway. We will secure this by holding at least 34 per cent of the shares, says Ms. Mæland.

Today, the state holds 53.97 per cent of the shares in Telenor ASA, which has a market capitalisation of NOK 218 billion. The state owns 50,001 per cent of Kongsberg Gruppen ASA, which has a market capitalisation of NOK 17 billion.

The white paper on the state’s ownership in enterprises is planned to be presented to the Storting on 20 June 2014.

Associated companies:


Related news

Latest news

Over 45,000 businesses risk EU energy fines for non-compliance

The previous compliance date of 5th December 2015,

“An Incredibly reliable net cleaning system”

Our predator nets are prone to fouling with scallops and mussels,

“An Incredibly reliable net cleaning system”

Good knowledge enables the customer to get the most out of the product. 

DNV GL initiates energy storage standard for Australia

DNV GL will lead the project and prepare a draft proposal for the standard,

Kvale acts for foreign ship owners in a direct action case

The case is against a Norwegian P&I underwriter and the alleged tortfeasor following a collision in the Singapore strait. Recently, the Supreme Court rendered a verdict on the issue of whether Norwegian courts hav...

Kvale recognized by IAM Patent 1000 2018

Kvale's IP-team receives great review from IAM Patent 1000 "The world's leading patent professionals 2018". 

Positive winds at the SeaWork International trade fair

- This is the place to be,

DNV GL and Brodosplit sign class contract for Quark polar expedition vessel

Quark has a long history of civilian polar exploration.

Elkem sustainability magazine 2017 and GRI report for 2017 is ready

Corporate social responsibility is one of the building...