The Norwegian Government proposes increased flexibility in the state ownership of Telenor ASA and Kongsberg Gruppen ASA

In the forthcoming white paper concerning direct state ownership in enterprises, the Government will announce that it will propose to the Storting (the Norwegian Parliament) the flexibility to reduce the state’s ownership in Telenor ASA and Kongsberg Gruppen ASA to 34 per cent.This will enhance the state’s ability to reduce its shareholding or support potential mergers, acquisitions or other strategic changes that may create value. - I would like to emphasise that there is no need for changes in state ownership in these companies in the short-term and there is no obligation to divest