Norway Commits to Slow Cut of $65 Billion Stake in Statoil
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Norway’s government said it won’t rush any reduction of its $65 billion stake in Statoil ASA, the largest company in western Europe’s biggest energy producer.
The policy will also apply to a number of Norway’s other big companies in which the government is an owner, Trade and Industry Minister Monica Maeland said yesterday in an interview in Oslo. Those include Telenor ASA and Norsk Hydro ASA.