Norway’s Grieg Group has set up a new company to handle its investment activity outside its core businesses.
Grieg Group is merging three existing companies that control smaller shareholdings into a new division that will be led by Oistein Medlien.
Wenche Kjolas, chief executive of Grieg Group, said: “It will take care of private equity investments in smaller businesses and also look after the overall asset management in shares and obligations.”
