Our Swedish-Norwegian mammoth
Lundin Petroleum’s share price has risen by nearly 7000 per cent since it was listed on the stock exchange in 2001, primarily due to good Swedish-Norwegian collaboration. Swedish capital and Norwegian expertise; a recipe for success that was tested as early as in 1905, when Swedish investments contributed to the founding of Norsk Hydro. Entrepreneur Sam Eyde wanted to take a chance on nitrogen-based fertiliser, but Norway lacked the capital. Through contacts from his university days in Stockholm, he got in touch with Marcus Wallenberg and his family, who invested heavily in what became the industrial adventure that is Norsk Hydro, and later also Yara.