buyout fund EQT has 61 billion new money to invest in Northern Europe in recession, but one area tempts not: Oljeservice, writes Dagens Næringsliv.
– Why do not we go into the oil at first, is quite simple. The way we see it now, it does not look like that pricing reflects the new reality of the market, says Anders Misund in EQT Partners.
He believes the situation is a bit like during the financial crisis.
– When the market gets a little bigger shock, it takes some time before valuations come at a level where the buyer and seller agree. How long it will last is difficult to predict, but it may come loose during the autumn or early next year, he says to DN.
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