Cresco (company)
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Cresco (company)
DNB Bank ASA (formerly DnB NOR ASA) is Norway's largest financial services group, with total combined assets of more than Norwegian krone, NOK 3.6 trillion and a market capitalisation Norwegian krone, NOK 400 billion as of 2024. DNB's head office is located in Oslo. The two largest owners of DNB are the Ministry of Trade, Industry and Fisheries, Royal Norwegian Ministry of Trade, Industry and Fisheries (34.0%) and Sparebankstiftelsen DNB (10.0%). The latter was created as a stiftelse, foundation with the sole purpose of owning a part of the company. It was created when Gjensidige NOR was made a public limited company to ensure that the company's customers retained partial ownership of the company. The foundation can also give up to 25% of its received dividend as gifts to charity. Operations The DNB Bank Group is the largest entity in the DNB Group and Norway's largest bank, offering services to the corporate, retail, and securities markets and the public sector. Domestically, ...
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Allmennaksjeselskap
is the Norway, Norwegian term for a stock-based company. It is usually abbreviated AS, historically often written as A/S. An AS is always a limited company, i.e. the owners cannot be held Legal liability, liable for any debt beyond the stock capital. Public company, Public companies are called (ASA), while companies without limited liability are called (ANS). All AS companies must have a stock capital of at least Norwegian krone, NOK 30,000. In addition, they must have a board of directors, depending on the size of turnover, balance sheet total or number of employees, an auditor. They may appoint a chief executive officer, managing director (MD) or chief executive (CEO). If the company has assets exceeding NOK 3 million, the board must have at least three members and cannot be chairman, chaired by the MD/CEO. Practically all Norwegian companies have a fiscal year from January to December, but some foreign subsidiary, subsidiaries may have a different fiscal year, as is allow ...
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