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Private equity firm sells oil service companies

A Norwegian private equity firm sells four oil service companies for a total price of USD 139 million. Not long ago, another equity fund shelved its plans to sell a number of oil service companies.

Photo: Magnus Holm/Politiken/Ritzau Scanpix

Norwegian private equity firm EV Private Equity has sold four oil service companies for a total price of NOK 1.3 billion (USD 139 million), writes Norwegian business daily Dagens Næringsliv.

The four companies in question are Halfwave, Halfwave Subsea, Fotech and Enpro Subsea, which have been sold to a number of different buyers, including BP.

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