Steen & Strøm

Steen & Strøm is a Scandinavian retail and real estate company that owns and operates 10 shopping centres in Norway, Sweden and Denmark.

[1] The company was founded in 1797 when Samuel Strøm started a wine shop and general store in Oslo.

In 1991 Agora Drift AS took over the management of Steen & Strøm, as well as five other shopping centres and three hotels, and started expanding.

In July 1994 the company was listed on the Oslo Stock Exchange, but delisted again in September 2007 after Stein Erik Hagen had bought out the other owners, at the time Canica (49,9%), Storebrand (12.9%), Orkla (10.3%), Stein Erik Hagen (5.9%) and Varner-Gruppen (5.5%).

In 2008 the company was sold for NOK 21.9 billion to Klépierre (56.1%) and ABP Pension Fund (43.9%).