Bonheur ASA

Another Norwegian renewables play

Family-owned Bonheur ASA (BONHR.OL) (“Bonheur” is French for happiness and good humour) is another conglomerate (market cap $1.2 billion) that traces its roots back to 1848 with Petter Olsen and his two brothers. Initially the company was concentrated in the nascent shipping industry (Fred. Olsen & Co.), before expanding into ship building and aviation …