Publishing firms fined for collusion

Norway’s four largest publishing companies (Aschehoug, Cappelen Damm, Gyldendal and the former Schibsted Forlag) have been fined NOK 32 million (USD 3.8 million) for what state competition authorities call “illegal cooperation.”  State officials at Konkurransetilsynet claimed that the publishing firms broke Norway’s competition law by “collectively boycotting” distributor Interpress, and sharing competitively sensitive information. Interpress […]

Corruption-plagued VimpelCom changes its name to VEON

The controversial telecoms firm VimpelCom that’s owned by Norwegian and Russian interests is changing its name to VEON. The name change comes after the company has faced serious charges of international corruption. Norway’s state-controlled telecoms firm Telenor currently owns 23.7 percent of VimpelCom’s shares. Telenor has also been in trouble for years over its VimpelCom […]

Tetra Pak’s rival reacts to tight Tine ties

The chief executive of Elopak said on Monday that he was “negatively surprised” by news that his company’s arch rival, Tetra Pak, is under investigation for allegedly bribing a top purchasing executive at Norwegian dairy conglomerate Tine. “We’ll have to see what comes out of this,” Niels Petter Wright of Elopak told newspaper Dagens Næringsliv (DN). In a lengthy […]

Corruption case inspires books, film

As Norway’s biggest narcotics and police corruption case ever entered its seventh week on Monday, not everyone in the courtroom is involved or mere spectators. The so-called “Jensen-Cappelen case” has inspired book publishers, filmmakers and TV production companies to try turning the drama into some form of entertainment. “This is a very exciting case with exciting […]

Crime unit probes bribery at Tine

UPDATED: A senior manager in charge of purchasing at Norway’s dominant dairy conglomerate Tine was treated to travel, spa visits, gifts, 145 dinners and 246 rounds of drinks over a four-year period by a seller at Tetra Pak, the packaging firm that has Tine as its sole large customer in Norway. Suspicion of alleged bribery was so strong that Tine […]

Norway high and low on corruption list

Norway has once again ranked as being one of the world’s least corrupt countries, but wound up as the most corrupt country in Scandinavia and the Nordic area. That may be because all of Norway’s biggest companies, in which the state government owns substantial stakes, have faced corruption charges. “We’ve had some quite serious and […]

Convicted Yara executive appeals prison sentence

Ken Wallace, the former chief legal counsel for Oslo-based fertilizer and chemical company Yara International, has decided to appeal the seven-year jail term he received after being convicted of corruption. It’s up to the Supreme Court whether it will hear his appeal. Wallace, an American, was the only one of four former Yara executives who’d […]

More trouble for Telenor, in Bulgaria

Norway’s international telecoms firm Telenor has run into even more trouble at its overseas operations. This time the problems are in Bulgaria, where a police investigation is now underway into what the company calls “economic crime.” Newspaper Dagens Næringsliv (DN) reported Friday that Telenor discovered shortly after buying its Bulgarian operation in 2013 that it […]

Yara’s nightmare draws to an end

One of Norway’s biggest companies, Yara International, may finally be able to heave a sigh of relief, after the last major appeals court action involving corruption at the fertilizer producer played out this week. It resulted in a lengthy prison term for Yara’s former chief legal counsel, the only one of the company’s former top executives to actually […]

Holidays not very happy at Telenor

A form of Norway’s much-cherished “julefred” (literally, Christmas peace) settled over Telenor the weekend, as it and other Norwegian companies recessed for year-end holidays. Most analysts and academics are not expecting a very happy New Year for Telenor, however, since its chief executive has been weakened by the board leader’s unsuccessful attempts to fire him, and her […]