Note 12 Investments in subsidiaries, joint ventures and associates
Statnett SF had the following investments at 31 December 2013:
*) In connection with a private placement in Nord Pool Spot AS as at 31 Augsut 2013, Statnett's ownership interest was reduced from 28.8% to 28.2%. The profit for the year includes the Group's gain due to the reduced ownership interest through a private placing.
**) eSett OY was established in November 2013.
Purchase of subsidiary
On 22 May 2013, Statnett SF purchased all shares in Nydalshøyden Bygg C AS that owned Nydalen Allé 33.
Nydalshøyden Bygg C AS owned Statnett's head office and has no other business activities. The acquisition is regarded as an asset purchase, and all identified excess value has been allocated to the building.
On the acquisition date, the following identifiable assets and liabilities were included in the consolidated accounts: