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Private equity investors see losses pile up after bet on Norway oil services

Wednesday, February 17, 2016 - 05:50


TIMING the bottom of the oil rout has proven difficult for Norwegian private equity investors.

Investments of 1.67 billion kroner (S$272.3 million) by HitecVision AS and Ferd AS in offshore-platform builder Kvaerner ASA, accommodation-rig operator Prosafe SE and seismic

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