Norwegian capital fund makes fortune flipping Danish JSB Group
The Danish manufacturer of turbine blade cores JSB Group has been sold to a Swiss industrial giant after only two years of ownership under Verdane Capital. The Norwegian fund made a fortune on the asset.
Norwegian capital fund Verdane Capital can deposit DKK 520 million (EUR 70 million) into its account after selling Danish wind turbine core manufacturer JSB Group, which has only been active on the market for subsuppliers to the wind energy industry for two years.
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