Norwegian fund cancels sale of oil service firms and establishes new group

Norway's largest private equity firm, Hitecvision, shelves plans to divest its oil service companies, instead placing them together in a new major group to be headquartered in Stavanger.

Photo: PR / Vår Energi

Norwegian private equity firm Hitecvision drops all sales of its oil service companies and instead establishes a new major group to gather all investments.

The new group will be named Moreld and have its headquarters in Stavanger, report several Norwegian media.

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