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Private equity investors see losses pile up after bet on Norway oil services
Published Tue, Feb 16, 2016 · 09:50 PM
Oslo
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 surveyor Petroleum Geo-Services ASA (PGS) have lost about 50 per cent of their total value since they were made, Bloomberg calculations show.
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