Alfred Berg Asset Management, the wholly-owned Stockholm-based subsidiary of Dutch ABN Amro, has bought Norwegian asset manager Industrifinans Forvaltning.

Alfred Berg paid Nkr165 (€19) per share and Nkr12 per warrant for all outstanding shares and warrants. The offer was 32% higher than the last traded shareprice of Nkr125, valuing Industrifinans at Nkr820m.