NORWAY - NorgesInvestor creates Nordic music chain

NorgesInvestor has together with Pål Asplin created a new retail chain for music instruments, Music Retail Holding (MRH). Pål Asplin presented the idea for NorgesInvestor to acquire the four largest stores and create one holding company. The investor has so far invested NOK 80m and holds 60%, but does not exclude committing more capital to expand the music chain to NOK 100-150m.