Noreco: Fall head over heels in Oslo (R) – Dagens Industri

Noreco: Fall head over heels in Oslo (R) – Dagens Industri

Noreco: Fall head over heels in Oslo (R)

                  2014-10-01 14:37
             

 (SIX), the Norwegian oil company Noreco falls headlong on the Oslo Stock Exchange  Wednesday. Its shares are at lunchtime down more than 70 percent. The collapse rate  comes after the company announced that it is forced to make writedowns  of close to 800 million NOK.       It writes business world.       Nordnet and its customers look under Noreco's ownership figure out to be  major shareholder in the company. Nordnet Pension Forsikring owns nearly 46  million shares in the Norwegian company and Nordnet Bank nearly 29  million. A total value of the shares has fallen by 434 million  Norwegian krone, nearly 490 million Swedish crowns, writes  The business world.       The business world has subsequently updated its text after talks with  Nordnet stating that the online bank owns only one hundredth of the  number of shares standing on Noreco's website, this after a reverse  split into shares that took place yesterday. According to the data takes Nordnet   Pension Forsikring nearly 460,000 shares and Nordnet Bank closer  290.000 pieces.       A total value of the shares thus fallen by 4.3 million  Norwegian krone, nearly 4.9 million Swedish kronor.    Jonathan Axelsson, +46 77 8586163  mailto: jonathan.axelsson@six-group.se  www.blogg.six.seSIXNews  SIX News