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IAG boss says Norwegian not a must-have deal, won't go hostile


DUBLIN IAG is not expecting to announce a deal to buy Norwegian Air Shuttle soon and would not make a hostile bid, its chief executive said, adding his airline group had growth opportunities on its own.


Exclusive - Norway not happy with Gazprom-OMV asset swap deal: energy minister 16 May 2018

OSLO Norway is not happy with an asset swap deal between Austria's OMV and Gazprom that would give the Russian gas giant access to the Norwegian continental shelf, the minister in charge of approving the deal has told Reuters in Norway's first comments on the matter.


Statoil to become Equinor, dropping "oil" to attract young talent 15 May 2018

OSLO Shareholders in Norway's largest company, Statoil , will approve on Tuesday the board's proposal to drop "oil" from its name as its seeks to diversify its business and attract young talent concerned about fossil fuels' impact on climate change.


Canadian Tire to buy sportswear brand Helly Hansen in C$985 million deal 10 May 2018

Canadian Tire Corp will buy Norway-based Helly Hansen for C$985 million (571 million pounds) including debt, the retailer said on Thursday, making a bigger push into high-end sportswear in a bid to diversify itself further.

Aker to explore options for Aker Energy after Ghana plan filing - CEO 09 May 2018

OSLO Aker , an investment vehicle of Norwegian billionaire Kjell Inge Roekke, will explore options for its stake in oil startup Aker Energy after submitting a development plan for an offshore field in Ghana, Aker's CEO said on Wednesday.


Norwegian Air says takeover interest validates business model 08 May 2018

OSLO Budget carrier Norwegian Air remains confident of its business model, its CEO told shareholders on Tuesday, less than a week after the company said it had rejected two takeover proposals from British Airways owner IAG .

Norwegian Air's CEO says 'at the right price, anything is for sale' 08 May 2018

OSLO Norwegian Air could potentially be sold to IAG or another bidder if the price was right, but offers made so far have been too low, the budget carrier's top office holders said on Tuesday.

Aker BP profit tops forecast, may drill more wells 07 May 2018

OSLO Norway's Aker BP , partly owned by oil major BP , beat quarterly earnings forecasts on Monday, helped by record output and higher oil prices, and said it may drill more wells this year than previously planned.


Statoil targets deeper emission cuts to avoid stranded assets 04 May 2018

LONDON/OSLO Norway's Statoil said it aims to cut its carbon footprint more aggressively as measures to reduce global warming could reduce the value of its assets, leaving some of its reserves stranded underground.

Norway's Labour to push government to decide on wealth fund investing in unlisted green infrastructure 04 May 2018

OSLO Norway's opposition Labour will ask the country's minority government to present an option allowing its wealth fund to invest in unlisted green infrastructure in next year's white paper so parliament can discuss it, a lawmaker told Reuters on Friday.