Eitzen Group
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Eitzen Group
Eitzen Group was a shipping and investment corporation based in Oslo, Norway. The parent company was Eitzen Holding AS and was entirely owned by the Eitzen family which owns Eitzen Invest and 53.7% of Camillo Eitzen & Co. The investment company owned a portfolio of real estate and other investments, including Hydranor and a major share of Norse Energy as well as in the fishing industry. History The company was founded in 1883 as Camillo Eitzen by shipmaster Camillo Eitzen. In 1894 Captain Henri F. Tschudi became a partner and the company changed its name to Camillo Eitzen & Co. The company bought its first steam ship a year later S/S ''UTO''. In 1936 the company changed its name to Tschudi & Eitzen. It entered the ore-bulk-oil carrier segment in 1967. In 1990 the company bought the Danish company Skou International and entering the bulk segment. In 1997 it bought EAC Shipping and in 2001 KIL Shipping and with it entered the tanker sector. In 2004 the company changed name to ...
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Private Ownership
Private property is a legal designation for the ownership of property by non-governmental Capacity (law), legal entities. Private property is distinguishable from public property, which is owned by a state entity, and from Collective ownership, collective or cooperative property, which is owned by one or more non-governmental entities. Private property is foundational to capitalism, an economic system based on the private ownership of the means of production and their operation for Profit (economics), profit. As a legal concept, private property is defined and enforced by a country's political system. History The first evidence of private property may date back to the Babylonians in 1800 BC, as evidenced by the archeological discovery of Plimpton 322, a clay tablet used for calculating property boundaries; however, written discussions of private property were not seen until the Persian Empire, and emerged in the Western tradition at least as far back as Plato. Before the 1 ...
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Oslo Stock Exchange
Oslo Stock Exchange () (OSE: OSLO) is a stock exchange within the Nordic countries and offers Norway's only regulated markets for securities trading today. The stock exchange offers a full product range including equities, derivatives and fixed income instruments. The Euronext consortium of European stock exchanges controls Oslo Stock Exchange as of June 2019. History Oslo Børs was established by a law of September 18, 1818. Trading on Oslo Børs commenced on April 15, 1819. In 1881, Oslo Børs became a stock exchange, which means securities were listed. The first listing of securities contained 16 bond series and 23 stocks, including the Norwegian central bank (Norges Bank). Oslo Børs cooperates with London Stock Exchange on trading systems. The exchange has also a partnership with the stock exchanges in Singapore and Toronto (Canada) for a secondary listing of companies. The stock exchange was privatized in 2001, and is, after the merger in 2007, 100% owned by Oslo Børs ...
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Companies Disestablished In 2012
A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is to generate sales, revenue, and profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duties according to the publicly declared incorporation pu ...
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