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GIEK Kredittforsikring AS

This page shows the event history for this unit.

01.01.2002* Founding by secession

Name: GIEK Kredittforsikring AS
Short name: GIEK Kredittforsikring
Affiliations: Fully state owned limited company
COFOG 04 Economic affairs
Superior body: Norwegian Export Credit Guarantee Agency
Located: 301 Oslo
Procedure and documents for this change:
Secession from:

Please note that this event has comments in Norwegian that are for the present not translated into English.

01.01.2015* No change to unit, but change of superior

(The unit reports to a new superior organization because the previous superior organization was terminated at the same time.)
Superior body: Ministry of Trade, Industry and Fisheries
Procedure and documents for this change:

Please note that this event has comments in Norwegian that are for the present not translated into English.

01.07.2020* New form of affiliation/administrative level

(The unit is reorganized and has changed its form of affiliation/administrative level.)
Affiliations: Private sector
Superior body: * Private sector and market
Procedure and documents for this change:

COFACE SA: AGREEMENT TO ACQUIRE GIEK KREDITTFORSIKRING
COFACE SA announces that it has signed an agreement with the Norwegian ministry of Trade, Industry and Fisheries regarding the acquisition of GIEK Kredittforsikring.

Created in 2001, GIEK Kredittforsikring writes and manages the short-term export credit insurance portfolio previously underwritten by the Norwegian ECA, GIEK. In 2018, the company recorded a total of around m (NOK92m) of gross written premiums on a portfolio that is mostly made of export policies. The company is well-known in the market for the quality of its services to its clients and for the relevance of its pricing model. It also benefits from a solid market presence with the Norwegian exporters.

The acquisition of GIEK Kredittforsikring by Coface is subject to usual regulatory approvals, which are expected to be issued in the coming months.
________________________________________________________________

07/01/2020, Corporate news
Coface finalises the acquisition of GIEK Kredittforsikring AS

Coface announces the closing of the acquisition of GIEK Kredittforsikring AS, a company created in 2001, and owned by the Norwegian Ministry of Trade, Industry and Fisheries, that manages a short-term export credit insurance portfolio.
Coface has acquired all GIEK Kredittforsikring AS shares, and the business will thus operate under the brand name Coface GK.

Sources:
- NEWS: COFACE SA: AGREEMENT TO ACQUIRE GIEK KREDITTFORSIKRING
(http://coface.com/News-Publications/News/COFACE-SA-Agreement-to-acquire-GIEK-Kredittforsikring)

- Corporate news, Coface finalises the acquisition of GIEK Kredittforsikring AS
(https://www.coface.com/News-Publications/News/Coface-finalises-the-acquisition-of-GIEK-Kredittforsikring-AS)

01.07.2020 Discharged; no longer relevant entity

(The unit was discharged (from the database). The body exists after this date, but change in form of affiliation is not a part of the forms of affiliations this mapping (database) cover.)

Please note that this event has comments in Norwegian that are for the present not translated into English.

Remarks

* = If a date is denoted with an asterisk (*), this implies that the date is not confirmed.

* = If a name is denoted with an asterisk (*), this implies a direct translation from Norwegian to English. The translation is thus not necessarily the official one (if any exists at all).

Comment to the change-of-name event: Sometimes the old and new name is the same. This occur when the translation to English haven’t taken into consideration minor Norwegian name change.

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