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Tuesday, Sep 10
Norway government could sell $11B in Statoil after election result
- Norway's government may sell as much as 16% of state-owned oil producer Statoil (STO), a stake currently valued at more than $11B, after the Conservative-led opposition won parliamentary elections yesterday.
- Conservative Party leader Erna Solberg had said a government under her leadership could cut its stake in STO to 51% from 67%.
- Any sale of government shares likely would be realized at a small discount, analysts say; it won't be a problem to sell a large stake, but the question is at what price.