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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