Spetalen tok utbytte på 800 millioner kroner før milliardgave

Øystein Stray Spetalen presented a billion-dollar inheritance to his daughters Jenny and Sophie earlier this year, making them owners of Ferncliff Holding as, the main company in the Spetalen system. Prior to this, the father took a significant sum of money out of the company, as evidenced by the 800 million kroner profit recorded in Ferncliff Holding as' financial statements for the year.

It is unclear when the profit was declared and paid out, but it must have occurred before the inheritance was transferred to the daughters, as there is no trace of the profit in their companies' registries, SSS as and JSS Capital Management as. E24 previously reported on a maneuver that made such a profit possible, with the company's consolidated accounts showing a pre-tax profit of 172 million kroner last year, up from 84 million kroner the previous year.

Operating profits were 117 million kroner, down from 136 million kroner, while financial profits rose to 223 million kroner from 99 million kroner. Shareholders' equity fell to 2.1 billion kroner from 2.8 billion kroner, and cash reserves dropped to 336 million kroner from 1 billion kroner. The holding company is invested in stocks and real estate.

Spetalen gave the two daughters shares worth around 2.4 billion kroner on September 1st last year, according to the registries of SSS as and JSS Capital Management as. He relinquished all shares in the investment company Ferncliff Holding. Additionally, the daughters received shares in Saga Pure, which Spetalen personally owned.

The investor, known for being one of Norway's richest and an active commentator on politics, moved to Switzerland last year but has not commented on the move since. E24 has attempted to contact Spetalen and his close associate Espen Lundaas on Thursday evening but has been unsuccessful.