Norwegian energy merger revived

The merger of Agder Energi and Glitre Energi is given a second chance by the turnaround of its biggest opponent.

Photo: Glitre Energi/ Agder Energi

Not everyone has been equally thrilled with the idea that Norwegian companies Glitre Energi and Agder Energi should merge into one of the country's largest firms, but now the merger's future seems to look brighter.

The owners of both companies on Tuesday agreed on a letter of intent, enabling them to continue negotiations on a potential merger, they inform in a joint statement.

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