Norway to sell chunk of Statoil

The last big state-owned oil company in western Europe was lined up for partial privatisation yesterday

The last big state-owned oil company in western Europe was lined up for partial privatisation yesterday. The Norwegian government said it planned to sell 10-25 per cent of Statoil. With the company estimated to be worth about NKr150 billion (€18.48 billion) the sell-off will be the biggest privatisation in Norway's history.

  • Join The Irish Times on WhatsApp and stay up to date

  • Sign up to the Business Today newsletter for the latest new and commentary in your inbox

  • Listen to Inside Business podcast for a look at business and economics from an Irish perspective