Kvaerner opens for speculations about the company's future

After an announcement on Wednesday that Kvaerner is looking at new strategic opportunities to strengthen the company, the Kvaerner share increased on the Oslo Stock Exchange.

Norwegian oil service company Kvaerner, which is controlled by billionaire Kjell Inge Roekke, increased 10.7 percent on the Oslo Stock Exchange on Wednesday, to USD 1.87, following the announcement that the company was exploring "new strategic opportunities to further strengthen its business."

"The Board concludes that the time now is right to explore opportunities  to accelerate the  development of Kvaerner," said the company in a statement on Wednesday.

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