Norwegian equity fund will sell oil services company for billions

Stavanger-based equity fund Hitec Vision is prepared to sell 12 Norwegian oil service companies after several tough years with record low oil prices and a shortage of investment appetite in the industry.
Photo: Colourbox
Photo: Colourbox

Over the past few years, Hitec Vision's oil service portfolio has been through layoffs, cost reductions and crisis negotiations with the bank.

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