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2 weeks ago | 
bloomberg.com | Stephen Treloar
As salmon farmers pour money into solving the problem of how to increase production while keeping control of lice in their pens, a Norwegian developer of aquaculture technologies is boosting its targets for the sale of everything from deepwater nets to AI-controlled feeding systems.
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3 weeks ago | 
bloomberg.com | Stephen Treloar
Salmon farming in Norway. (Bloomberg) -- A slump in salmon prices in May contributed to the first annual drop in Norwegian seafood exports after 10 months of growth as production of the pink-fleshed fish rose. Norway exported 13.6 billion kroner ($1.3 billion) worth of seafood in May, down 2% from a year earlier, the Norwegian Seafood Council said on Wednesday. Reduced volumes for clipfish and a stronger krone against the dollar also contributed to the decline.
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3 weeks ago | 
bloomberg.com | Stephen Treloar
Construction cranes. Photographer: Bloomberg Creative Photos/Bloomberg(Bloomberg) -- Sentia AS, a construction company owned by Ratos AB with projects in Sweden and Norway, filed for an initial public offering in Oslo where it hopes to raise as much as 1.6 billion kroner ($160 million). Ratos will sell as many as 31.9 million shares in the Nordic builder, including over-allotment, cutting its 72% stake to less than 50%, according to a filing Monday.
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1 month ago | 
news.bloombergtax.com | Stephen Treloar
Altor accepts the mandatory offer from Frasers Group for XXL and sells 23m A shares and 17m B shares at NOK10/share.
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1 month ago | 
news.bloomberglaw.com | Stephen Treloar
accepts the mandatory offer from for and sells 23m A shares and 17m B shares at NOK10/share. • “Given the current situation and the increasing short-term challenges, Altor has decided to accept Frasers Group’s offer, in line with the Board’s new recommendation,” the private equity firm says in a statementTo contact the reporter on this story: in Oslo at [email protected] contact the editor responsible for this story: at [email protected]© 2025 Bloomberg L.P. All rights reserved.
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1 month ago | 
bloomberg.com | Stephen Treloar
A DNB Bank ASA branch in Oslo, Norway. (Bloomberg) -- DNB Bank ASA’s investment banking unit sold its stake in active fund manager Holberg to Kistefos AS, the investment company of Norwegian billionaire Christen Sveaas, for an undisclosed amount. The Bergen, Norway-based Holberg has about 36 billion kroner ($3.6 billion) under management in its bond and share funds.
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1 month ago | 
news.bloomberglaw.com | Stephen Treloar
DNB Bank ASA’s investment banking unit sold its stake in active fund manager Holberg to Kistefos AS, the investment company of Norwegian billionaire Christen Sveaas, for an undisclosed amount. The Bergen, Norway-based Holberg has about 36 billion kroner ($3.6 billion) under management in its bond and share funds. The transaction is expected to be finalized during the third quarter after customary regulatory approvals, according to an emailed statement Monday.
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2 months ago | 
bloomberg.com | Stephen Treloar
Norway’s seafood exports to the US surged 56% in the first quarter in advance of President Donald Trump imposing the steepest American tariffs in a century. Sales to the US made up about 11% of the 44 billion kroner ($4.2 billion) of seafood exported out of Norway in the first three months of the year — a record for that period, the Norwegian Seafood Council said in a statement on Thursday.
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Mar 28, 2025 | 
news.bloomberglaw.com | Stephen Treloar
Nel Hydrogen US, a subsidiary of Nel, receives a purchase order for PEM electrolyzer stacks for about $6m from Collins Aerospace to be used by the US Navy to produce oxygen for critical life support onboard submarines.
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Mar 18, 2025 | 
bloomberg.com | Stephen Treloar
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