The main index rose 5.2 percent Thursday to 239.7 points. There were strong increases in world markets for signals about the leaders of the g20 countries is a step closer to agreement on how it should grips global recession times and create economic growth.
G20 countries will launch the 750 million U.S. dollars (around 5,000 billion, or almost three Oljefondet) to the International Monetary Fund and contribute 250 billion dollars (around 1,650 billion) to speed on world trade.
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Exchange was also influenced by domestic affairs, and two great sons of the country made their presence current. But the government itself, there are no checks that several companies on the stock exchange than John Fredriksen and Kjell Inge Røkke. The two are the main shareholders in excess of ten listed companies.
Røkke heave assets in subsidiaries
Røkke holding company Aker (AKER) secured a win on Thursday 478 million, having sold its stake in Aker Oilfield Services, Aker DOF Deep Water, technology and product company ODIM Midsund Use. The buyer is Aker Solutions (AKSO). While Aker-rate rose 0.8 percent, fell Aker Solutions-rate 4.5 percent.
- It is possible that the rods in the market for fear that Aker heave bad assets of the subsidiaries, “says analyst Pål H. Dahl in First Securities to E24.
It may soon occur avoid problems since Kjell Inge Røkke owns 67.8 percent of Aker. At the same time Aker owns 60 percent of the shares in Aker Holding, which owns 40.27 per cent again of the shares in Aker Solutions. Aker Holding will be owned in conjunction with the state and the Swedish Wallenberg.
- Some react NOK for the price paid for Aker Solutions’s assets. There may be some question of corporate governance and corporate governance (corporate governance) in this case. It can also pose a long-term problem for Aker-system, “said Dahl.
Fredriksen tørrlast owner is rescued
John Fredriksen tørrlast shipping company Golden Ocean (GOGL) may again be on the offensive after tørrlast the owner has brought in 110 million U.S. dollars (about 700 million) in new equity, reached agreement with its Banking on the easing in lending conditions and reduced construction program. The rate rose 5.8 percent on the advertising of the rescue action.
Analyst Martin Sommerseth Jaer in the Arctic Securtities is satisfied rederiets progress and especially with that part of the construction contracts are entered into a separate subsidiary. In this way reduces Golden Oceans build commitments, and contracts out as an option for the owner.
- Bankruptcy father is away in 2009, says Jaer to E24, and adds:
- Now I do not think there will be any party in tørrlast forward, but what is exciting is that Golden Ocean may be banks’ right hand in the restructuring of tørrlast. They may be shipping companies Aktiv Kapital (AIK), in a way, “says Jaer.
With the analyst believes that the Golden Ocean will help banks with the operation of ships that banks have declined from companies that have defaulted debt. Active Capital is controlled by John Fredriksen, doing debt collections. The main business is to buy portfolios of defaulted debt to far below the nominal value of the banks, only to drive into this debt.
- They still need to deliver, but they show that they get to solutions, “said Jaer.
OPEC production cuts work
Oil prices rose sharply on the data that confirms that the offer from Opec countries have fallen for the seventh month in a row. At the same time, lifted by lower oil price to save the United States and investors’ optimism for the world economy after the g20 summit in London. A June contract of North Sea oil is traded on Thursday to $ 53.4 barrel, an increase of 7.7 percent.
