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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

Allianz, Abu Dhabi Fund’s Solveig sues Norway in tariff dispute

Posted on 28 January 2014

Three more owners of Norway’s gas-pipeline network, including a company backed by Allianz SE (ALV) and Abu Dhabi’s wealth fund, sued the government over tariff cuts they say will reduce income by about $6.5 billion.
Solveig Gas Norway AS, which is also backed by the Canada Pension Plan Investment Board, filed a writ of summons to start legal proceedings against the Norwegian Ministry of Petroleum and Energy, the company said in a statement today. Infragas Norge AS and Silex Gas Norway AS, which also own stakes in the pipeline network, are part of the lawsuit, Infragas Chief Executive Officer Knud Noerve said………………………………………..Full Article: Source


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