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Mon, Jun. 23, 10:45 AM
- Norway's government says it will retain its current holding in Statoil (STO), backing off a pre-election proposal to cut its stake to ~50% from the current two thirds of the shares.
- Although the new Conservative government had pledged to reduce the state's role in the economy, the trade minister says STOl has a special place in Norwegian oil and gas policy and there's broad political agreement that the state should keep a majority stake.
- The government also plans to keep stakes in fertilizer producer Yara (YARIY, YRAIF), aluminum producer Norsk Hydro (NHYDY) and bank DNB (DNHBY) at current levels.
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DNHBY vs. ETF Alternatives
DNB is Norway's largest financial services group and one of the largest in the Nordic region in terms of market capitalisation. The Group is among the worlds leading banks within shipping, energy and seafood.<br /><br />The Group offers a full range of financial services, including loans,... More
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