Terje Solsvik
Stories by Terje Solsvik
Norway sovereign wealth fund takes Kirin off exclusion watch list
The fund was no longer considering excluding the beverage giant from its investment portfolio.
Norway sovereign wealth fund excludes AviChina, Bharat Electronics
The two were excluded due to "unacceptable risk that (the) companies are selling weapons".
Telenor to provide support for customers of former Myanmar unit
Following a military coup in Myanmar in 2021, Telenor announced the sale of its business.
Telenor to receive payments for sale of Myanmar business over 5 yrs
Telenor in May 2021 wrote down the value of its Myanmar business by 6.5 billion crowns ($751 million).
SoftBank-backed AutoStore doubles revenue, warns of margin impact
Japan's SoftBank is AutoStore's largest shareholder, controlling close to 40% stake.
Axiata, Telenor sign $15b deal to merge Malaysian telecoms units
The planned transaction is expected to be completed by the second quarter of 2022.
World’s biggest wealth fund puts Japan’s Kirin on watch list over Myanmar ties
Norges Bank Investment Management holds a 1.29% stake in Kirin Holdings.
Online ad firm OLX Brazil to acquire Grupo ZAP for $642m
While Brazil's real estate market is large, the use of online listings to buy and sell property is still in its infancy.
China’s Tencent bids $148m for online games maker Funcom
Funcom's management and staff will remain unchanged following the planned acquisition.
China’s Qumei makes $630m cash bid for Norway furniture maker Ekornes
Shareholders owning 25.7% of Ekornes have given pre-acceptance.