DOCSLIB.ORG

OFFERING CIRCULAR Avinor AS

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
OFFERING CIRCULAR Avinor AS OFFERING CIRCULAR Avinor AS (incorporated with limited liability in Norway) €1,500,000,000 Euro Medium Term Note Programme Under this €1,500,000,000 Euro Medium Term Note Programme (the Programme), Avinor AS (the Issuer or Avinor) may from time to time issue notes (the Notes) denominated in any currency agreed between the Issuer and the relevant Dealer (as defined below). The Notes may be issued in bearer form or uncertificated book entry form (the VPS Notes) cleared through the Norwegian Central Securities Depositary, the Verdipapirsentralen ASA (the VPS). The maximum aggregate nominal amount of all Notes from time to time outstanding under the Programme will not exceed €1,500,000,000 (or its equivalent in other currencies calculated as described in the Programme Agreement described herein), subject to increase as described herein. The Notes may be issued on a continuing basis to one or more of the Dealers specified under "Overview of the Programme" and any additional Dealer appointed under the Programme from time to time by the Issuer (each a Dealer and together the Dealers), which appointment may be for a specific issue or on an ongoing basis. References in this Offering Circular to the relevant Dealer shall, in the case of an issue of Notes being (or intended to be) subscribed by more than one Dealer, be to all Dealers agreeing to subscribe such Notes. An investment in Notes issued under the Programme involves certain risks. For a discussion of these risks see "Risk Factors". Application has been made to the Commission de Surveillance du Secteur Financier (the CSSF) in its capacity as competent authority under the Luxembourg Act dated 10 July 2005 on prospectuses for securities (the Prospectus Act 2005) to approve this document as a base prospectus. The CSSF assumes no responsibility for the economic and financial soundness of the transactions contemplated by this Offering Circular or the quality or solvency of the Issuer in accordance with Article 7(7) of the Prospectus Act 2005. Application has also been made to the Luxembourg Stock Exchange for Notes issued under the Programme (other than Exempt Notes (as defined below)) to be admitted to trading on the Luxembourg Stock Exchange's regulated market and to be listed on the Official List of the Luxembourg Stock Exchange. References in this Offering Circular to Notes being listed (and all related references) shall mean that such Notes have been admitted to trading on the Luxembourg Stock Exchange's regulated market and have been admitted to the Official List of the Luxembourg Stock Exchange. VPS Notes will be listed on the Oslo Stock Exchange’s regulated market and, in this case, listed (and all related references) shall be construed accordingly. Each of the Luxembourg Stock Exchange's regulated market and the Oslo Stock Exchange’s regulated market is a regulated market for the purposes of the Markets in Financial Instruments Directive (Directive 2004/39/EC). Notice of the aggregate nominal amount of Notes, interest (if any) payable in respect of Notes, the issue price of Notes and certain other information which is applicable to each Tranche (as defined under "Terms and Conditions of the Notes other than VPS Notes" and "Terms and Conditions of the VPS Notes") of Notes 1 will (other than in the case of Exempt Notes (as defined below)) be set out in a final terms document (the Final Terms) which will be filed with the CSSF. Copies of Final Terms in relation to Notes to be listed on the Luxembourg Stock Exchange will also be published on the website of the Luxembourg Stock Exchange (www.bourse.lu). In the case of Exempt Notes, notice of the aggregate nominal amount of Notes, interest (if any) payable in respect of Notes, the issue price of Notes and certain other information which is applicable to each Tranche will be set out in a pricing supplement document (the Pricing Supplement). The Programme provides that Notes may be listed or admitted to trading, as the case may be, on such other or further stock exchanges or markets as may be agreed between the Issuer and the relevant Dealer. The Issuer may also issue unlisted Notes and/or Notes not admitted to trading on any market. The applicable Final Terms in respect of the issue of any such Notes will specify whether or not such Notes will be admitted to listing on the Official List of and to trading on the Luxembourg Stock Exchange (or any other listing authority, stock exchange and/or quotation system, if applicable). The applicable Pricing Supplement in respect of the issue of any Exempt Notes will specify whether or not such Exempt Notes will be admitted to listing or trading on any non-EEA listing authority, stock exchange and/or quotation system, if applicable. The requirement to publish a prospectus under the Prospectus Directive only applies to Notes which are to be admitted to trading on a regulated market in the European Economic Area and/or offered to the public in the European Economic Area other than in circumstances where an exemption is available under Article 3.2 of the Prospectus Directive (as implemented in the relevant Member State(s)). References in this Offering Circular to Exempt Notes are to Notes for which no prospectus is required to be published under the Prospectus Directive. The CSSF has neither approved nor reviewed information contained in this Offering Circular in connection with Exempt Notes. The Issuer has been rated AA- by Standard & Poor’s Credit Market Services Europe Limited (S&P) and A1 by Moody’s Investors Service Limited (Moody’s). Each of S&P and Moody’s is established in the European Union and is registered under the Regulation (EC) No. 1060/2009 (as amended) (the CRA Regulation). As such each of S&P and Moody’s is included in the list of credit rating agencies published by the European Securities and Markets Authority on its website (at http://www.esma.europa.eu/page/List-registered-and- certified-CRAs) in accordance with the CRA Regulation. Notes issued under the Programme may be rated or unrated by either of the rating agencies referred to above. Where a Tranche of Notes is rated, such rating will be disclosed in the Final Terms (or Pricing Supplement, in the case of Exempt Notes). A security rating is not a recommendation to buy, sell or hold securities and may be subject to suspension, reduction or withdrawal at any time by the assigning rating agency. Arranger BNP PARIBAS Dealers BNP PARIBAS Danske Bank Deutsche Bank DNB Markets Nordea Markets The date of this Offering Circular is 18 December 2013. 2 IMPORTANT INFORMATION This Offering Circular comprises a base prospectus in respect of all Notes other than Exempt Notes issued under the Programme for the purposes of Article 5.4 of Directive 2003/71/EC as amended (which includes the amendments made by Directive 2010/73/EU to the extent that such amendments have been implemented in a relevant Member State of the European Economic Area) (the Prospectus Directive). The Issuer accepts responsibility for the information contained in this Offering Circular and the Final Terms or, in the case of Exempt Notes, the applicable Pricing Supplement for each Tranche of Notes issued under the Programme. To the best of the knowledge of the Issuer (having taken all reasonable care to ensure that such is the case) the information contained in this Offering Circular is in accordance with the facts and does not omit anything likely to affect the import of such information. This Offering Circular is to be read in conjunction with all documents which are deemed to be incorporated herein by reference (see "Documents Incorporated by Reference"). This Offering Circular shall be read and construed on the basis that such documents are incorporated and form part of this Offering Circular. The Dealers have not independently verified the information contained herein. Accordingly, no representation, warranty or undertaking, express or implied, is made and no responsibility or liability is accepted by the Dealers as to the accuracy or completeness of the information contained or incorporated in this Offering Circular or any other information provided by the Issuer in connection with the Programme. No Dealer accepts any liability in relation to the information contained or incorporated by reference in this Offering Circular or any other information provided by the Issuer in connection with the Programme. No person is or has been authorised by the Issuer to give any information or to make any representation not contained in or not consistent with this Offering Circular or any other information supplied in connection with the Programme or the Notes and, if given or made, such information or representation must not be relied upon as having been authorised by the Issuer or any of the Dealers. Neither this Offering Circular nor any other information supplied in connection with the Programme or any Notes (a) is intended to provide the basis of any credit or other evaluation or (b) should be considered as a recommendation by the Issuer or any of the Dealers that any recipient of this Offering Circular or any other information supplied in connection with the Programme or any Notes should purchase any Notes. Each investor contemplating purchasing any Notes should make its own independent investigation of the financial condition and affairs, and its own appraisal of the creditworthiness, of the Issuer. Neither this Offering Circular nor any other information supplied in connection with the Programme or the issue of any Notes constitutes an offer or invitation by or on behalf of the Issuer or any of the Dealers to any person to subscribe for or to purchase any Notes.
Load more

Recommended publications
  • OFFERING CIRCULAR Avinor AS
    OFFERING CIRCULAR Avinor AS (incorporated with limited liability in Norway) €3,000,000,000 Euro Medium Term Note Programme Under this €3,000,000,000 Euro Medium Term Note Programme (the Programme), Avinor AS (the Issuer or Avinor) may from time to time issue notes (the Notes) denominated in any currency agreed between the Issuer and the relevant Dealer (as defined below). The Notes may be issued in bearer form or uncertificated book entry form (the VPS Notes) cleared through the Norwegian Central Securities Depositary, the Verdipapirsentralen ASA (the VPS). The maximum aggregate nominal amount of all Notes from time to time outstanding under the Programme will not exceed €3,000,000,000 (or its equivalent in other currencies calculated as described in the Programme Agreement described herein), subject to increase as described herein. The Notes may be issued on a continuing basis to one or more of the Dealers specified under “Overview of the Programme” and any additional Dealer appointed under the Programme from time to time by the Issuer (each a Dealer and together the Dealers), which appointment may be for a specific issue or on an ongoing basis. References in this Offering Circular to the relevant Dealer shall, in the case of an issue of Notes being (or intended to be) subscribed by more than one Dealer, be to all Dealers agreeing to subscribe such Notes. An investment in Notes issued under the Programme involves certain risks. For a discussion of these risks see “Risk Factors”. Application has been made to the Commission de Surveillance du Secteur Financier (the CSSF) in its capacity as competent authority under the Luxembourg Act dated 10 July 2005 on prospectuses for securities (the Prospectus Act 2005) to approve this document as a base prospectus.
    [Show full text]
  • NORWAY LOCAL SINGLE SKY IMPLEMENTATION Level2020 1 - Implementation Overview
    LSSIP 2020 - NORWAY LOCAL SINGLE SKY IMPLEMENTATION Level2020 1 - Implementation Overview Document Title LSSIP Year 2020 for Norway Info Centre Reference 20/12/22/79 Date of Edition 07/04/2021 LSSIP Focal Point Peder BJORNESET - [email protected] Luftfartstilsynet (CAA-Norway) LSSIP Contact Person Luca DELL’ORTO – [email protected] EUROCONTROL/NMD/INF/PAS LSSIP Support Team [email protected] Status Released Intended for EUROCONTROL Stakeholders Available in https://www.eurocontrol.int/service/local-single-sky-implementation- monitoring Reference Documents LSSIP Documents https://www.eurocontrol.int/service/local-single-sky-implementation- monitoring Master Plan Level 3 – Plan https://www.eurocontrol.int/publication/european-atm-master-plan- Edition 2020 implementation-plan-level-3 Master Plan Level 3 – Report https://www.eurocontrol.int/publication/european-atm-master-plan- Year 2020 implementation-report-level-3 European ATM Portal https://www.atmmasterplan.eu/ STATFOR Forecasts https://www.eurocontrol.int/statfor National AIP https://avinor.no/en/ais/aipnorway/ FAB Performance Plan https://www.nefab.eu/docs# LSSIP Year 2020 Norway Released Issue APPROVAL SHEET The following authorities have approved all parts of the LSSIP Year 2020 document and the signatures confirm the correctness of the reported information and reflect the commitment to implement the actions laid down in the European ATM Master Plan Level 3 (Implementation View) – Edition 2020. Stakeholder / Name Position Signature and date Organisation
    [Show full text]
  • Innst. S. Nr. 71 (2004-2005) Innstilling Til Stortinget Fra Næringskomiteen
    Innst. S. nr. 71 (2004-2005) Innstilling til Stortinget fra næringskomiteen St.prp. nr. 16 (2004-2005) Innstilling frå næringskomiteen om endringar av Kap. 922 Norsk Romsenter løyvingar på statsbudsjettet 2004 under Nærings- Post 50 Tilskot og handelsdepartementet Det er lagt til grunn at den delen av løyvinga til Norsk Romsenter som gjeld tilskot til European Space Agency (ESA) skal justerast dersom valutakursen på Til Stortinget euro har endra seg i budsjettåret i høve til kursen som vart lagt til grunn for saldert budsjett. Samla gir dette SAMANDRAG grunnlag for å auke løyvinga med 4,7 mill. kroner, frå 274 mill. kroner til 278,7 mill. kroner. I denne proposisjonen legg Nærings- og handelsde- partementet fram endringsforslag på statsbudsjettet for Kap. 950 Forvalting av statleg eigarskap 2004 i samsvar med pkt. 2 nedanfor. (jf. kap. 3950 og 5656) Post 70 (ny) Tilskot til pensjonar for tidlegare Kap. 900 Nærings- og handelsdepartementet Raufoss-tilsette, kan overførast (jf. kap. 3900) Etter at dei to siste fabrikkane i Raufoss-konsernet, Post 70 Tilskot til internasjonale organisasjonar Fluid og Chassis, vart selt i mai og juni 2004 til høves- Løyvinga dekkjer tilskot for norsk deltaking i fleire vis Kongsberg Automotive og Neuman-konsernet, er internasjonale organisasjonar, mellom anna for ispatrul- det ikkje lenger aktivitetar att i Raufoss ASA. Selska- jeteneste i det nordlege Atlanterhavet utført av den ame- pet kom 1. juli 2004 under avvikling. rikanske kystvakta. Kostnadane ved ispatruljetenesta vert Samla underdekking av pensjonane i Raufoss-kon- i utgangspunktet dekt av USA som deretter krev refusjon sernet er rekna til 41,159 mill.
    [Show full text]
  • Challenges and Initiatives for the Nordic Seed Stage
    June 2009 Challenges and Initiatives for the Nordic Seed Stage Promoting a common Nordic seed capital market Owner of the initiative: Marcus Zackrisson, Nordic Innovation Centre Initiative coordinators: Erik Johansson & Carl-Peter Mattsson, Nordic Investment Solutions Nordic Seed Capital Forum: Stein Jodal, Innovation Norway, Norway Stine Kruse, Vækstfonden, Denmark Ari-Pekka Laitsaari, Veraventure, Finland Katarina Segerborg, Innovationsbron, Sweden Erik Johansson, Nordic Investment Solutions, Sweden Carl-Peter Mattsson, Nordic Investment Solutions, Sweden Further contributors: Danish Venture Capital & Private Equity Association Norwegian Venture Capital & Private Equity Association Swedish Private Equity & Venture Capital Association European Private Equity & Venture Capital Association Nordic Venture Network Challenges and Initiatives for the Nordic Seed Stage Promoting a common Nordic seed capital market June 4, 2009 Challenges and Initiatives for the Nordic Seed Stage 4 Challenges and Initiatives for the Nordic Seed Stage Content 1. Executive summary ......................................................................................... 6 2. Recommendations ........................................................................................... 8 2.1 General recommendations for Nordic policy makers............................... 8 2.2 Recommended Nordic initiatives............................................................. 8 3. Introduction & context .................................................................................
    [Show full text]
  • Aviation in Norway Sustainability and Social Benefit
    AVIATION IN NORWAY SUSTAINABILITY AND SOCIAL BENEFIT PROJECT REPORT Summary 1 Oslo, 30 January 2008 1. INTRODUCTION The main task of Norwegian aviation is to contribute beneficially to social A project was started in spring 2007 to promote initiatives that contribute and economic development in Norway by providing safe, efficient and to sustainable and socially beneficial aviation. The major goals for the eco-adapted air transportation within all regions of the country and to project have been threefold: make arrangements that enable the nation to participate actively in global economic and social development. 1) To investigate initiatives to reduce the negative environmental impact of the industry. The work has concentrated in the areas for which the The Intergovernmental Panel on Climate Change (IPCC) concluded in industry itself has responsibility and over which it can have an influence, its fourth major report published in 2007 that it is highly probable that but the project has also been looking at initiatives within associated human emissions of greenhouse gases have been the main cause of the areas, such as ground transport access to the airports. increase in global temperature since the mid-20th century. If emissions are not reduced, the global mean temperature will continue to rise. Resol- 2) To give a comprehensive presentation of the environmental impact of ving the climate problem is a major social and societal challenge. Aviation the industry. industry operations involve the emission of greenhouse gases and the sector therefore has a responsibility to find solutions for the environmen- 3) To contribute to a comprehensive presentation of the social and tal challenges.
    [Show full text]
  • AIBN Accident Boeing 787-9 Dreamliner, Oslo Airport, 18
    Issued June 2020 REPORT SL 2020/14 REPORT ON THE AIR ACCIDENT AT OSLO AIRPORT GARDERMOEN, NORWAY ON 18 DECEMBER 2018 WITH BOEING 787-9 DREAMLINER, ET-AUP OPERATED BY ETHIOPIAN AIRLINES The Accident Investigation Board has compiled this report for the sole purpose of improving flight safety. The object of any investigation is to identify faults or discrepancies which may endanger flight safety, whether or not these are causal factors in the accident, and to make safety recommendations. It is not the Board's task to apportion blame or liability. Use of this report for any other purpose than for flight safety shall be avoided. Accident Investigation Board Norway • P.O. Box 213, N-2001 Lillestrøm, Norway • Phone: + 47 63 89 63 00 • Fax: + 47 63 89 63 01 www.aibn.no • [email protected] This report has been translated into English and published by the AIBN to facilitate access by international readers. As accurate as the translation might be, the original Norwegian text takes precedence as the report of reference. Photos: AIBN and Trond Isaksen/OSL The Accident Investigation Board Norway Page 2 INDEX ACCIDENT NOTIFICATION ............................................................................................................ 3 SUMMARY ......................................................................................................................................... 3 1. FACTUAL INFORMATION .............................................................................................. 4 1.1 History of the flight .............................................................................................................
    [Show full text]
  • Challenges and Solutions for Transport in Norway
    09.06.2017 Challenges and solutions for transport in Norway Therese Ustvedt, adviser Director General’s Staff Norwegian Public Roads Administration National Transport Plan 2018-2029 Transport Network Public roads, total 94 600 km - National roads 10 700 km - County roads 44 500 km - Municipal roads 39 400 km Road tunnels 1 100 tunnels Road bridges 18 200 bridges Rail network 4 200 km Rail tunnels 736 tunnels Rail bridges 2 577 bridges State owned airports 45 airports National ports 32 ports National Transport Plan 2018-2029 1 09.06.2017 The Norwegian Parliament (Stortinget) The Norwegian Government (Regjeringen) Ministry of Transport and Communication Norwegian Norwegian Public Roads Norwegian Railway Norwegian Coastal air traffic authority Administration Directorate Administration Avinor AS (Statens vegvesen) (Jernbanedirektoratet) (Kystverket) National Transport Plan 2018-2029 Background • In 1998, the Government directed the four transport agencies to prepare a joint proposal for the first long-term national transport plan (for the period 2002-2011). • The fifth joint input from the transport agencies was presented in February 2016. • The Government presented the white paper on transport to the Storting in April 2017. • The white paper presents a plan that will apply for the period 2018-2029. • The Storting will adopt the white paper in June 2017. National Transport Plan 2018-2029 2 09.06.2017 Official Steering Documents National Transport Plan (12 Year Period) Action Programme (Focus on first 4 Years) Annual National Budget Appropriation Projects National Transport Plan 2018-2029 Overall goal A transport system that is safe, promotes economic growth and contributes to the transition into a low- emission society.
    [Show full text]
  • Statnett Annual Report 2014
    Annual report 2014 English Statnett Annual report 2014 Content The President and CEO comments on the 2014 annual report 4 Statnett’s strategy 6 This is Statnett 8 Statnett’s tasks 8 Organizational structure 9 Presentation of the Group management 10 Highlights 2014 12 The international interconnector between Norway and Germany is approaching realisation 12 Lofotringen sections now part of the main grid 12 Ørskog-Sogndal to be completed in steps 12 Skagerrak 4 and the Eastern Corridor strengthened transmission capacity to Denmark 12 Measures to improve information security 13 New Regulation and Market System (LARM) 13 Statnett’s former head office in Huseby has been sold 13 Ytre Oslofjord completed 13 Common price calculation in Northwest-Europe 13 Regional control centres in Sunndalsrøra and Alta merged 13 Financial framework conditions 14 Statnett’s revenues 14 Key figures 17 Corporate Social Responsibility 2014 18 Statnett’s corporate social responsibility reporting 18 Corporate social responsibility organisation 18 Statnett and society 19 Climate and the environment 24 Our employees 29 GRI 36 Corporate governance 41 Statement on corporate governance 41 Business 42 Equity and dividends 43 2 Statnett Annual report 2014 Equal treatment of owners and transactions with closely related parties 43 Freely negotiable 43 The Enterprise General Meeting 44 Election committee 44 Corporate Assembly and Board of Directors: composition and independence 44 The work of the Board of Directors 45 Risk management and internal control 46 Renumeration of the
    [Show full text]
  • Bane NOR Eiendom AS – Company Presentation Norway's Leading Hub Developer Important Information (1/2)
    Bane NOR Eiendom AS – Company Presentation Norway's leading hub developer Important information (1/2) This presentation and its appendices (collectively the "Presentation") has been produced by Bane NOR Eiendom AS (the "Company") with assistance from Danske Bank, Norwegian Branch and Skandinaviska Enskilda Banken AB (publ) (together the "Managers") in connection with the offering of bonds by the Company (the "Offering"). This Presentation is strictly confidential and may not be reproduced or redistributed, in whole or in part, to any other person. This Presentation has not been reviewed by or registered with any public authority or stock exchange and does not constitute a prospectus. To the best of the knowledge of the Company and its board of directors, the information contained in this Presentation is in all material respects in accordance with the facts as of the date hereof, and contains no omissions likely to affect its import. This Presentation contains information obtained from third parties. As far as the Company is aware and able to ascertain from the information published by that third party, such information has been accurately reproduced and no facts have been omitted that would render the reproduced information to be inaccurate or misleading. Only the Company and the Managers are entitled to provide information in respect of matters described in this Presentation. Information obtained from other sources is not relevant to the content of this Presentation and should not be relied upon. This Presentation does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction to any person to whom it is unlawful to make such an offer or solicitation in such jurisdiction.
    [Show full text]
  • Bane NOR Eiendom AS – Company Presentation Norway's Leading Hub Developer Important Information (1/2)
    Bane NOR Eiendom AS – Company Presentation Norway's leading hub developer Important information (1/2) This presentation and its appendices (collectively the "Presentation") has been produced by Bane NOR Eiendom AS (the "Company") with assistance from Danske Bank, Norwegian Branch and and Nordea Bank AB (publ), filial i Norge (together the "Managers") in connection with the offering of bonds by the Company (the "Offering"). This Presentation is strictly confidential and may not be reproduced or redistributed, in whole or in part, to any other person. This Presentation has not been reviewed by or registered with any public authority or stock exchange and does not constitute a prospectus. To the best of the knowledge of the Company and its board of directors, the information contained in this Presentation is in all material respects in accordance with the facts as of the date hereof, and contains no omissions likely to affect its import. This Presentation contains information obtained from third parties. As far as the Company is aware and able to ascertain from the information published by that third party, such information has been accurately reproduced and no facts have been omitted that would render the reproduced information to be inaccurate or misleading. Only the Company and the Managers are entitled to provide information in respect of matters described in this Presentation. Information obtained from other sources is not relevant to the content of this Presentation and should not be relied upon. This Presentation does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction to any person to whom it is unlawful to make such an offer or solicitation in such jurisdiction.
    [Show full text]
  • Renewable Energy Policy Making in the EU: What Has Been the Role of Norwegian Stakeholders?
    TECHNICAL REPORT SUBJECT/TASK (title) Renewable energy policy making in the EU: SINTEF Energy Research What has been the role of Norwegian stakeholders? Address: NO-7465 Trondheim, NORWAY Reception: Sem Sælands vei 11 CONTRIBUTOR(S) Telephone: +47 73 59 72 00 Telefax: +47 73 59 72 50 Audun Ruud and Jørgen K. Knudsen www.energy.sintef.no CLIENT(S) SINTEF Energy Research Enterprise No.: NO 939 350 675 MVA TR NO. DATE CLIENT’S REF. PROJECT NO. TR A6860 2009-09-21 Sverre Aam 12E08601 EL. FILE CODE REPORT TYPE RESPONSIBLE (NAME, SIGN.) CLASSIFICATION 090921GJA143436 William M Lafferty Open ISBN N0. RESEARCH DIRECTOR (NAME, SIGN) COPIES PAGES 978-82-594-3416-6 Petter Støa 10 42 DIVISION LOCATION LOCAL FAX Energy Systems Forskningsveien 3b +47 22 96 59 80 RESULT (summary) In December 2008 the EU finally agreed upon a Directive to promote an increased share of energy consumption from renewable sources (the RES Directive). The present report assesses Norwegian stakeholders’ mobilisation as to the formulation of the RES Directive. Although the European Economic Area (EEA) Agreement provides Norway with opportunities for influence during early phases of EU decision-making, this was not considered as feasible by the Ministry in charge. The controversial nature of both the future energy policies in balancing renewables versus petroleum interests, and Norway’s relationship with the EU, contributes to explain the lack of clear, public Norwegian position vis-à-vis the formulation of the RES-Directive. Despite the lack of a clear, public position, some of Norway’s major industrial companies have aimed to influence certain aspects of the EU RES Directive.
    [Show full text]
  • The State Ownership Report 2019
    The State Ownership Report 2019 Contents The Minister’s introduction 7 Category Goal of the highest possible Scope and key figures 8 return over time and where Key issues for the State as owner 16 the State no longer has a How the State exercises its ownership 22 A sustainable portfolio for 1 rationale for its ownership long-term value creation 34 Ambita AS 42 Baneservice AS 43 Entra ASA 44 Flytoget AS 45 Giek kredittforsikring AS 46 Mesta AS 47 Category Goal of the highest possible return over time and where the State has a special 2 rationale for its ownership Aker Kværner Holding AS 50 Argentum Fondsinvesteringer AS 51 DNB ASA 52 Eksportfinans Norway ASA 53 Electronic chart centre AS 54 Equinor ASA 55 Investinor AS 56 Kommunalbanken AS 57 Kongsberg Gruppen ASA 58 Mantena AS 59 Nammo AS 60 Norsk Hydro ASA 61 Nysnø Klimainvesteringer AS 62 Posten Norge AS 63 Statkraft SF 64 Telenor ASA 65 Vygruppen AS 66 Yara International ASA 67 Category Goal of the most efficient possible attainment of 3 public policy goals Andøya Space Center AS 70 Simula Research Laboratory AS 104 Avinor AS 71 Siva – Selskapet for Industrivekst SF 105 Bane Nor SF 72 Space Norway AS 106 Bjørnøen AS 73 Statnett SF 107 Carte Blanche AS 74 Statskog SF 108 Den Nationale Scene 75 Staur gård AS 109 Andøya Space Center AS 76 Store Norske Spitsbergen Kulkompani AS 110 Den Norske Opera & Ballett AS 76 Talent Norge AS 111 Avinor AS 77 Trøndelag Teater AS 112 Eksportkreditt Norge AS 77 Universitetssenteret på Svalbard AS 113 Enova 78 Vinmonopolet AS 114 Entur AS 79 Fiskeri- og
    [Show full text]