In the statement that Reitan has published on Linkedin, he writes that his interest in the family company was seriously awakened in his teens. Then his father, Odd Reitan, took him in as a board member and co-owner of Reitan AS. “Now I hope for the same effect when my children, Viktoria (22) and Kristoffer (24), become board members and co-owners of my personal investment company, MVK Capital AS.” Geneva resident Reitan writes that they have both shown increasing interest in the business, and that he hopes and believes that their ownership and involvement will contribute to further involvement. “We have planned this generational change together for a long time, and are now taking the first step.” Most of the ownership is transferred, while Reitan himself retains control. The son and daughter are involved through board seats, ownership and the right to dividends. Both new co-owners live in Geneva. “I have no plans to move abroad. Nor has my father or Ole Robert. Reitan is and will remain a Norwegian company, with headquarters at Lade Gaard in Trondheim,” he concludes. Many billions It was Finansavisen that first wrote about the matter. They point out that Kapital estimated the Reitan fortune at a whopping NOK 64 billion when the overview of Norway’s 400 richest was published. The brothers Ole Robert and Magnus Reitan each own 33.33 percent of the Reitan group. The father owns the last third. According to Finansavisen, there is therefore talk of more than 20 billion being moved to Switzerland.
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Magnus Reitan transfers ownership to his children – billions are moved to Switzerland – news Trøndelag
