ArcticSecurities AS said Feb. 20 that Trond Mohn, through his companyMeteva AS, acquired RASMUSSENGRUPPEN's ownership interest of 20% in Arctic.
Mohn already owned 12.5% of Arctic.
According to RASMUSSENGRUPPEN Managing Director DagRasmussen, RASMUSSENGRUPPEN will retain its ownership stake in the assetmanagement business through Arctic Asset Management and Arctic Fund Management.
Mohn's investment comes at a time when Arctic is increasingits emphasis on its international activities. Key initiatives for theseexpansive efforts include the establishment of a
Meanwhile, Arctic sees additional growth opportunities inNorway for Arctic Capital AS and recently founded Arctic Insurance Broker AS,in addition to the company's other Norwegian core businesses.