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Det Norske Veritas sells DNVPS to investment fund

Norwegian Det Norske Veritas Foundation sells subsidiary DNV Petroleum Services to IK Investment Partners. The divestment is a result of the merger between DNV and GL.

A series of funds under IK Investment Partners has signed an agreement with Det Norske Veritas concerning the purchase of subsidiary DNV Petroleum Services (DNVPS), whose services include bunker quality controls world wide.

DNVPS was established by DNV in 1981 as a fuel management service provider for the marine industry and others, with customers including shipowners, operators, and charterers.

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