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DnB Nor angles for Arctic oil with Monchebank buy.
Publication: Europe Intelligence Wire Publication Date: 31-OCT-05 |
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COPYRIGHT 2005 Financial Times Ltd.
(From Lloyds List)
Byline: Jerry Frank
SCANDINAVIAN ship financier DnB Nor has signalled its ambitions in the race to open up Russia's Arctic oil and gas reserves with a $21m swoop on Murmansk-based Monchebank.
Norway's leading banking group will acquire a 97.3% stake in the medium-sized bank based in...
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