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Norwegian investor pleased with criticism of Axis Offshore

The Norwegian capital fund manager Alfred Berg is pleased that the Oslo Stock Exchange has criticized Axis Offshore for forcing a bailout together with its owners Lauritzen Fonden and Hitec Vision.

Photo: Axis Offshore

Norwegian capital fund manager Alfred Berg felt poorly treated when Axis Offshore sold bonds to its owners, Lauritzen Fonden and Hitec Vision, in order to implement a controversial bailout.

Following the transaction this summer the company lodged a formal complaint with the Oslo Stock Exchange. A complaint which has now led the stock exchange to criticize Axis Offshore for discriminating against its investors.

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