Tuesday, December 16, 2014

The money runs out – Dagens Næringsliv

The state investment company Investinor lost near 430 million since its inception in 2008. Now it has first Investinor company declared bankruptcy.

The article is added to your reading list.

Investinor list loss projects Investinor have used state money, are becoming longer. 11 of 13 the investments the company has made, and later realized since its inception in 2008, has ended in minus. Overall Investinor lost near 430 million for the 13 own companies.

– There is a significant number, history will show whether there is a lot of money. It may be that we have some gold companies in the portfolio. It should also be that we initially invested some in renewable energy, in accordance with its mandate, which was later adjusted slightly. We are freer trade statistics now says Investinor chief Geir Ove Kjesbu.

– But we have to take some risks. Some go way, others do not, and we believe that we over the medium term will come out well. Currently we have many young investments, he continued.

LikeTweet

No comments:

Post a Comment