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PR(04)02: The EFTA Surveillance Authority has decided to approve the sale of the property “Tjuvholmen” in Oslo


In a decision taken on 18 February 2004, the EFTA Surveillance Authority has concluded that the sale of the property “Tjuvholmen” in the Oslo Harbour, from Oslo Port Authority to Selvaag Gruppen A/S/ Aspelin-Ramm Gruppen A/S, as notified by the Norwegian Government, does not constitute state aid within the meaning of Article 61(1) of the EEA Agreement.

The sale of Tjuvholmen was announced in national and international newspapers and magazines. Eight bidders submitted offers. A jury selected a winner based on criteria listed in a prospectus readily available to all bidders. The two bids that were preferred by the jury (“Fjordparken” and “Utsyn”) were presented to the Oslo City Council. The Council decided to award the contract to Selvaag Gruppen AS/ Aspelin–Ramm Gruppen A/S and their project “Utsyn”. This was the project offering the highest gross value price for Tjuvholmen (NOK 886 Million, some Euro 105 Million) .

After assessing the facts of the case and taking into consideration that the buyer (Selvaag Gruppen AS/ Aspelin–Ramm Gruppen A/S) submitted the bid offering the highest gross value price for the municipality of Oslo, the Authority concluded that the sale did not constitute state aid. 

For further information, please contact Mr Amund Utne, Director, tel. (+32)(0)2 286 18 50 or Mr Jørgen Lønø, tel. (+32)(0)2 286 18 86.

19 February 2004

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