Nordic Business Report-December 13, 2006-Norwegian investor Hitec Industries AS sells property company Smietangen Eiendom to Grenland Group ASA (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian investor Hitec Industries AS said on Wednesday (13 December) that it has sold property company Smietangen Eiendom to engineering group Grenland Group ASA. The sales price of NOK13m exceeds the book value by NOK5.3m. Smietangen Eiendom owns Grenland Groups operating sites. Hitec Industries is headquartered in Stavanger in Norway. The company invests in new companies where a high return on investment can be expected. ((Comments on this story may be sent to [email protected]))