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Hafslund to float technical services unit on Oslo Bors


Published :
Fri, 26 Oct 2007 07:21
By : Agencies
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OSLO (Thomson Financial) - Hafslund ASA said it has decided to spin-off its Technical Services business operations and float it on the Oslo Bors under the new name 'Hafslund Infratek'.

The division specialises in the supply of services related to the development and operation of critical infrastructure for energy transport as well as telecoms and security systems.

No details were given on the planned timescale or likely price for the flotation, but Hafslund said it will retain majority ownership in the new company, and 'promote further development through active ownership'.

alastair.reed@thomson.com

ar/ra

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Copyright Thomson Financial News Limited 2007. All rights reserved.

The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.




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