Statkraft to pay EUR 5 million to Nasdaq fund

Norwegian Statkraft now reveals what it will lose on account of Norwegian energy trader Einar Aas' major gamble that resulted in huge losses and a depleted capital reserve fund within Nasdaq Commodities.

Photo: /ritzau/Sisse Dupont/

State-owned Norwegian Statkraft has to fork out approximately EUR 5 million to cover its share of the loss the stock exchange Nasdaq Commodities suffered because of Norwegian energy trader Einar Aas, reports Norwegian media E24.

Friday, the Finnish utility Fortum announced that the company stands to lose EUR 25 million after the Norwegian energy speculator suffered major losses on Nasdaq Commodities.

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