Alder: 78
Position: Investor.
Background: Erik Must has a master’s degree in economics and has owned the brokerage and finance company Fondsfinans since the 1970s. The brokerage business was merged with Beringer Finance in 2016, but things went badly and the company was later closed down. Fondsfinans Kapitalforvaltning lives on. Must is a major owner of the publishing house Gyldendal and Arendals Fossekompani, and has significant shareholdings in industrial companies such as Kongsberg Gruppen, Borregaard and Veidekke.
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Store owner on the Oslo Stock Exchange
The Must family is among the largest investors on the Oslo Stock Exchange with values of almost NOK 6.6 billion at the beginning of the year. The Must family had paid NOK 2.76 billion for the same values, so the increase in value has been significant.
The listed Arendal Fossekompani and the publisher Gyldendal are among the largest assets with just over NOK 4.5 billion and close to NOK 1.2 billion today, respectively.
In addition, the company owns large shareholdings in the industrial groups Borregaard and Elkem, in addition to the Kongsberg Group and Polaris Media.
The Must family also has significant ownership positions in Veidekke, DNB, Pci Biotech and the fertilizer company Yara. The Must family is also a significant owner in NHST Media Group, which among other things owns Dagens Næringsliv.
Erik Must bought Fondsfinans together with Kjell Christian Ulrichsen in 1972 and turned it into the leading Norway brokerage house of the time.(Terms)Copyright Dagens Næringsliv AS and / or our suppliers. We would like you to share our cases using a link, which leads directly to our pages. Copying or other use of all or part of the content may only take place with written permission or as permitted by law. For additional terms look here.
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