ShippingWatch

EQT to buy majority stake in Norwegian transport major

Scandinavian equity fund EQT has offered NOK 8.5 billion for major Norwegian transport company Torghatten. This comes shortly after the fund acquired ferry operator Molslinjen.

Photo: Fredrik Hagen/NTB/Ritzau Scanpix

EQT, the Scandinavian equity fund, offers billions of kroner to take over major Norwegian transport company Torghatten, which handles traffic between islands and the mainland along the Norwegian coast.

This comes shortly after EQT announced an acquisition of Molslinjen, which it buys from another equity fund, Polaris. At the time, EQT told ShippingWatch that the fund together with Molslinjen was "exploring potential acquisitive growth initiatives in the Nordic region."

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