Faktor Eiendom

Faktor Eiendom ASA

Former type	Public (OSE: FAKTOR
Industry	Construction
Founded	2001
Defunct	2011
Headquarters	Rakkestad, Norway
Area served	Scandinavia
Key people	Per Gunnar Rymer (CEO) Jon Sandberg (Chairman)
Revenue	NOK 657 million (2010)
Operating income	NOK (434 million) (2010)
Net income	NOK (523 million) (2010)
Number of employees	674 (2010)
Website	www.faktoreiendom.no

Faktor Eiendom is a Norwegian construction company that is engaged in building residential and recreational houses, factory production of low-cost housing (e.g. student flats) and managing hotel and resorts. Faktor Eiendom experienced serious liquidity problems in 2010 which resulted in DnB NOR converting NOK 250 million of debt into equity and taking 30.7% ownership of the company. After taking office in Q4 2010, CEO Per Gunnar Rymer has turned the strategy of the company towards real-estate development and factory production of houses and flats.

Faktor Eiendom was taken under bankruptcy proceedings by a court order of 27 September 2011.