State continues to reduce Telenor stake

30 Jun 2003

The Norwegian government is to sell 250 million shares in Telenor as it continues to reduce its holding in the former state monopoly. The shares, equal to a 13.9% stake in the telco, will be sold for between NOK29.95 and NOK31 a share. After the sale, the state will control 63.7% of Telenor.