It seeks to pull its investment out within three to

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Unformatted text preview: The firm has no geographical restrictions for new investments; however, its main focus of current investment is Europe and North America. It typically invests between NOK 10 million and NOK 50 million in its portfolio companies and may also co-invest with other firms. The firm takes minority positions in its portfolio companies, typically an interest of 10% to 40% and also seeks board directorships. It seeks to pull its investment out within three to six years. StatoilHydro ASA net profit for the first quarter of 2008 was NOK 16.04 billion, much higher compared to NOK 9.93 billion in the first quarter of 2007 (May 13, 2008). The net operating profit amounted to NOK 51.44 billion, as compared to NOK 34.46 billion in the first quarter of 2007. The earnings increase was mainly due to higher oil and natural gas prices, lower inventory write-downs, asset sales gains and currency gains. The increase was somewhat tempered by increased exploration costs. StatoilHydro was announced on July 4, 2008 as the largest company in the North for 2007 according to its turn...
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This document was uploaded on 03/30/2014.

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