Kassel, Germany - Germany's BASF chemicals and oil group announced Monday a takeover bid for Norwegian oil and gas group Revus Energy ASA that values it at 581 million euros (726 million dollars).
The BASF oil division, Wintershall, offered 110 Norwegian kroner per share, a premium of 145 per cent above the closing price in Oslo last Friday and 44 per cent above the average of the past six months.
An announcement at Wintershall's office in Kassel said the board of Stavanger-based Revus had recommended shareholders accept the bid for all Revus shares.
Oslo - Two employees of Norway's largest banking group as well as the DnB NOR group itself were Thursday suspected of insider- trading, the Norwegian Financial Supervisory Authority said.
The Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime raided the bank Thursday over suspicions that the bank had sold government bonds just a few days before the Finance Ministry and central bank October 12 presented a rescue package for the banking sector.
DnB NOR reportedly sold bonds worth 2.3 billion kroner (328 million dollars) on October 9 and 10.
Oslo - US actress Scarlett Johansson was Tuesday named as one of the hosts of the upcoming Nobel Peace Prize Concert, organizers said.
Among acts slated to perform at the December 11 concert were Diana Ross along with Canadian singer-songwriter Leslie Feist, US country musician Dierks Bentley, singer Julieta Venegas, Nigerian musician Seun Kuti and Norwegian singer-songwriter Marit Larsen.
The concert is held the day after the Nobel Peace Prize ceremony where the 2008 winner, former Finnish president Martti Ahtisaari was to be honoured.
Oslo - The global financial crisis has affected the Norwegian aluminium and power generation group Norsk Hydro's third quarter sales and earnings, the group said Tuesday.
Third-quarter turnover was 23.98 billion kroner (3.65 billion dollars), down 9 per cent from the third quarter of 2007.
Underlying earnings before financial items and tax (EBIT) were down 8 per cent in the quarter to 1.49 billion kroner, the group said.
"The global financial crisis and uncertainty in world commodity markets have affected our results for the third quarter and will continue to do so in the coming quarters," Hydro Chief Executive Eivind Reiten said in a statement.
Oslo- Norwegian Crown Princess Mette-Marit has sustained a minor concussion after falling down some stairs during a visit to Ukraine, reports said Monday.
The crown princess was in Ukraine in her capacity as a goodwill ambassador for the joint United Nations programme, UNAIDS, the Norwegian news agency NTB reported.
She apparently fell during a visit to a support group for people living with HIV-Aids, NTB added.
Kassel, Germany - Germany's BASF chemicals and oil group announced Monday a takeover bid for Norwegian oil and gas group Revus Energy ASA that values it at 581 million euros (726 million dollars).
Oslo - Two employees of Norway's largest banking group as well as the DnB NOR group itself were Thursday suspected of insider- trading, the Norwegian Financial Supervisory Authority said.
Oslo - US actress Scarlett Johansson was Tuesday named as one of the hosts of the upcoming Nobel Peace Prize Concert, organizers said.
Oslo- Norwegian Crown Princess Mette-Marit has sustained a minor concussion after falling down some stairs during a visit to Ukraine, reports said Monday.
