EnergyWatch

Oslo City Council delists Norway's largest energy company

In the country's largest electricity deal ever, Oslo City Council and Finnish company Fortrum have divvied up Norway's largest energy company between them.

Norwegian energy company Hafslund will be delisted from the Norwegian stock exchange, according to a stock exchange announcement from the company's two majority shareholders – Oslo City Council and Finnish company Fortum, which own 53.7 percent and 34.3 percent respectively.

Formally speaking, Oslo City Council is buying shares in Hafslund for NOK 100 (EUR 10.7) apiece, deducted from the year's dividends. This values the energy company at NOK 19. 6 billion, making the deal the largest transaction ever involving a Norwegian energy company.

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