Helge Møgster

"If one studied the shareholder list carefully, one would find anonymous companies such as Averell AS and Alaska Net Company, the first owned by Helge Møgster, the last by Kjell Inge Røkke – the Røkke sphere had definitely intervened in the newly started commercial bank. They had discovered an old truth: Owning a bank is like being able to print money. If you inject share capital, the bank automatically gets to borrow many times that amount from Norges Bank. This was also the case with Industri & Skipsbanken. In just one year, the 150 million that had been injected by the owners was turned into 1.6 billion in loans."

"For Røkke, there was only one thing to do - retaliate in the same coin. He had some good cards in hand, for it is always a tremendous advantage to have the majority. Actually, the outcome had been clear from the start – Røkke could choose between two approaches: Either to completely ignore the partners and let them sit with their pitiful percentages, or he could buy them out. It was a devil's dilemma for Helge Møgster and Harald Torgersen, but they really had no choice. Dejectedly, they accepted Røkke’s offer to buy them out. It was an offer they couldn’t refuse ..."