Norway Should Invest in Kongsberg Share Issue -Government

September 28, 2018

(File photo: Kongsberg)
(File photo: Kongsberg)

Norway should invest about 2.5 billion Norwegian crowns ($306.26 million) in Kongsberg Gruppen's planned share issue, to help pay for the firm's acquisition of Rolls-Royce's Commercial Marine unit, the government proposed on Friday.

If approved by parliament, the proposal would allow the government to uphold its stake of 50.01 percent in Kongsberg Gruppen.

The acquisition and the government's intention to take part in a share issue were first announced in July.


($1 = 8.1631 Norwegian crowns)

(Reporting by Terje Solsvik, editing by Nerijus Adomaitis)



Current News

Gas Price Windfall Makes Gazprom Patient Over Nord Stream 2 Delay

Gas Price Windfall Makes Gazprom Patient Over Nord Stream 2 Delay

Carbon Transition in Utsira Multi-Client Seismic Data Deal

Carbon Transition in Utsira Multi-Client Seismic Data Deal

'Repeat Customer' Taps Magseis Fairfield for Gulf of Mexico OBN Survey

'Repeat Customer' Taps Magseis Fairfield for Gulf of Mexico OBN Survey

3i to Assume Full Control Over Danish Offshore Vessel Owner ESVAGT

3i to Assume Full Control Over Danish Offshore Vessel Owner ESVAGT

Subscribe for OE Digital E‑News

Offshore Engineer Magazine