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Broker CEO bought Bulk Invest shares just before collapse

CEO of ABG Sundal Collier acquired more than two million shares in Bulk Invest while the negotiations for restructuring were taking place. The intention was to gain access to investing in Kistefos Equity Operations, he tells.

The 54-year-old CEO of broker company ABG Sundal Collier, Knut Brundtland, invested in more than two million shares in now-bankrupt Bulk Invest while the company was in the midst of negotiations with creditors to find a way to continue the carrier's operations. The investment, which was lost when Bulk Invest went bankrupt, was apparently made in order to get permission to invest in Kistefos Equity Operations, which is privately owned by Norwegian businessman Christian Sveaas, writes Norwegian newspaper Dagens Næringsliv.

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