Norwegian Government moving towards reduction of state ownership in several companies

On 20 June, the Ministry of Trade, Industry and Fisheries presented a new white paper on direct ownership in state-owned enterprises, seeking for consent to reduce state ownership in several companies.

“The Government intends to make adjustments in order to increase diversification of power and private ownership. Private ownership should be the principle and state ownership must be justified specifically”, says Ms. Monica Mæland, the Minister of Trade and Industry.”

The state has a comprehensive listed stock portfolio representing one third of the values listed on the Oslo Stock Exchange. On top of this the state owns a number of non-listed enterprises, in part or in full. In the white paper the Government asks for authorization from the parliament to reduce state ownership in several state-owned enterprises, such as:

Listed companies subject to a share disposal of the entire stake held by the state

Listed companies subject to at partial state share reduction to 34 %

  • Kongsberg Gruppen ASA, the international, knowledge-based group that supplies high-technology systems and solutions to customers engaged in the oil and gas industry, the merchant marine, and the defence and aerospace industries,
  • Telenor ASA, one of the world’s major mobile operators with 172 million mobile subscriptions,

Non-listed companies

Contact persons
Erik Lind, e-mail:, mobile +47 48 01 65 67
Terje Gulbrandsen, e-mail:, mobile: +47 48 01 65 88

The Author

Erik Lind
Erik Lind Erik Lind is partner at Steenstrup Stordrange’s office in Oslo, and is a member of the M&A and Corporate Practice. Lind has a 13 years’ exsperience in mergers and acquisitions (M&A), capital market transactions and restructuring. He advises private equity and venture capital funds, financial advisers and industrial clients in this respect. Lind has also significant expertise in real estate transactions, including structuring real estate syndicates and real estate funds.

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