The Altor Fund has been confirmed as the largest investor in XXL ASA, owning 23.82 percent of the leading Nordic sporting goods retailer’s shares, as a result of an equity increase of 400 million Norwegian kroner (€36.5m-$39.7m), which ended on May 18. Together with an offshoot, Altor Invest, the Norwegian fund was allocated a total of 19,551,041 shares. Dolphin Management, a company controlled by Øivind Tidemandsen, now holds 14.60 percent of the company, after being allocated 16 million shares. Other shares have gone to two other members of the board of directors and to two key executives: Stein Eriksen, XXL’s chief financial officer, and Espen Terland, IT director. Following the equity increase, XXL’s capital consists of 252,436,658 shares

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