Norway’s FSN Capital Partners moves into Danish market

coinsOne of Norway’s largest investment companies has created a fund to move into companies with growth potential in Denmark and other countries.

Until now FSN has only covered Norway and Sweden, but it has now set up its FSN fund II, which recently included two Danish companies; Elmetec and latest Healthcare Recruitment Group (HCRG).

An additional fund, FSN III, will soon be launched to the tune of EUR 375 million. The company eventually intends to invest EUR 1-1.5 billion in companies in Europe and Denmark. Small and medium-sized companies will be their primary focus.

Since the beginning of 2001, FSN has invested in 27 Nordic companies including Via Travel, Aura Light and Nautilus.

Awilko Offshore might go to the Chinese
In other developments China Oilfield Services Ltd (COSL), a subsidiary of China National Offshore Oil Corporation, made an offer to buy all the issued and outstanding shares of Norway’s Awilco Offshore ASA, for HKD 130.4 (USD 16.72) per share.

They are now waiting to see if all shareholders will accept the price, which is valued at a total of HKD 19.5 billion.