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Corporate

PostNord AB

Submitted by analyticalplatform on Tue, 05/06/2025 - 06:55
  • Read more about PostNord AB

PostNord was founded in 2009 through a merger of the Swedish and Danish national government postal companies, Posten AB and Post Danmark A/S. The company offers parcel, logistics and postal and related services across the Nordic region. Its network includes international operations (PostNord International) that focus on e-commerce and logistics, while subsidiary Strålfors provides omni-channel communication services. PostNord is owned by the Swedish and Danish governments, which each hold 50% of the voting rights.

NCR comments: Ratings unchanged following US tariffs on NCR-rated issuers

NCR-rated issuers could face challenges due to macroeconomic uncertainty.
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Norwegian farmed salmon prices likely to remain buoyant

Possibility of US tariffs increases political risk for sector.
  • Read more about Norwegian farmed salmon prices likely to remain buoyant

NCR Comments: Å Energi assumes majority ownership in Fredrikstad Energi

Uncertainty remains to the company's role in the combined group.
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Veas Selvkost AS

Submitted by analyticalplatform on Thu, 09/12/2024 - 08:27
  • Read more about Veas Selvkost AS

Veas Selvkost is the largest wastewater treatment company in Norway and provides statutory services for its municipal owners. Its primary objective is to treat wastewater in accordance with requirements set out by the respective county governors in the Oslofjorden area in southeastern Norway. 

The company was founded in 1976 and is owned by the City of Oslo (70.5%), Bærum municipality (21.5%), and Asker municipality (8%). In 2022, it became a limited liability company with a group structure under a common parent company, Veas AS.

Nordic Credit Rating's view on distressed exchanges

Clarification on defining distressed exchanges and defaults.
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NCR Comments: Main owner initiates sale of 51% stake in Fredrikstad Energi

Outcome and future ownership structure not clear.
  • Read more about NCR Comments: Main owner initiates sale of 51% stake in Fredrikstad Energi

Elopak ASA

Submitted by analyticalplatform on Wed, 05/08/2024 - 04:00
  • Read more about Elopak ASA

Elopak is a Norway-based carton packaging manufacturer and distributor with operations in more than 70 countries. In addition to the production and distribution of carton packaging, Elopak manufactures aseptic filling machinery, sells and distributes new machinery for packaging fresh products from partners, and provides service and maintenance support. Since its establishment in 1957, the company has been majority-owned by family-owned investment holding company Ferd AS. 

Mowi ASA

Submitted by analyticalplatform on Tue, 03/26/2024 - 05:00
  • Read more about Mowi ASA

Mowi is the world's largest salmon farmer with operations in all major farming regions and worldwide sales reach. The company established its first stocking of salmon in 1969, making it an industry pioneer. In 2006, three large independent salmon farmers (Pan Fish [Mowi], Marine Harvest and Fjord Seafood) merged to establish The Marine Harvest group, which changed its name back to Mowi in 2018. 

Norwegian farmed salmon prices likely to remain strong

Domestic currency appreciation could still hurt producers.
  • Read more about Norwegian farmed salmon prices likely to remain strong

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