Nordic Business Report-December 13, 2006-Storebrand ASA acquires stake in investment consulting firm (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian financial group Storebrand ASA said on Wednesday (13 December) that its life insurance arm Storebrand Livsforsikring has agreed to acquire a 34% stake in investment consulting firm Caveo ASA. The purchase price was not disclosed. Caveo has some 100 employees in 12 offices in Norway. The company helps private persons and small businesses to choose the correct financing and investment solutions. The company brokered loans and investments for a total of NOK2.1bn in 2005, but the sum is expected to double in 2006. Storebrand, headquartered in Oslo, Norway, is a leading Norwegian insurance, banking and asset management group. The group has some 1,300 employees and reported revenue of NOK16bn in 2005. Storebrand is listed on the Oslo Stock Exchange and traded under the ticker STB. One British pound (GBP) is worth approximately 12.21 Norwegian kroner (NOK). ((Comments on this story may be sent to [email protected]))