Norway Real Estate Group Forced to Shut Units

OSLO, Dec 2 (Reuters) – One of Norway’s biggest real estate chains, Notar, will have to shut 34 of its branches due to a lack of capital, financial authorities said on Tuesday. Notar needed about NOK 50 million to 70 million (USD $7.0 million – $9.86 million) to satisfy capital requirements and save the units, officials said.

You may also like...