Norway opposition eyes $12 bln privatization push

August 20, 2009

Norway’s leading right-wing opposition party’s planned privatization drive, if it wins next month’s general election, would raise some 73.6 billion crowns ($11.95 billion), daily Dagens Næringsliv said on Thursday.

Calculations by the financial daily showed more than half of the sum would be raised by reducing the state stake in telecom Telenor to 34 percent from 54 percent, and selling a third of fully state-owned utility Statkraft.

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