Borgestad is a Norwegian

Norway

Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...

 shipping, industry and real estate company. It operates 11 open hatch bulk carrier

Bulk carrier

A bulk carrier, bulk freighter, or bulker is a merchant ship specially designed to transport unpackaged bulk cargo, such as grains, coal, ore, and cement in its cargo holds. Since the first specialized bulk carrier was built in 1852, economic forces have fueled the development of these ships,...

s and one Floating Production Storage and Offloading

Floating Production Storage and Offloading

A floating production, storage and offloading unit is a floating vessel used by the offshore industry for the processing of hydrocarbons and for storage of oil. A FPSO vessel is designed to receive hydrocarbons produced from nearby platforms or subsea template, process them, and store oil until it...

 vessel. It also owns a shopping centre in Bytom

Bytom

Bytom is a city in Silesia in southern Poland, near Katowice. The central-western district of the Upper Silesian Metropolitan Union - metropolis with the population of 2 millions. Bytom is located in the Silesian Highlands, on the Bytomka river .The city belongs to the Silesian Voivodeship since...

, Poland

Poland

Poland , officially the Republic of Poland , is a country in Central Europe bordered by Germany to the west; the Czech Republic and Slovakia to the south; Ukraine, Belarus and Lithuania to the east; and the Baltic Sea and Kaliningrad Oblast, a Russian exclave, to the north...

 and a housing complex at Borgestadholmen. The industry division develops and produces fire-resistant products.

The company dates back to July 1, 1904 when Aktieselskapet Borgestad was founded by Prime Minister

Prime Minister of Norway

The Prime Minister of Norway is the political leader of Norway and the Head of His Majesty's Government. The Prime Minister and Cabinet are collectively accountable for their policies and actions to the Sovereign, to Stortinget , to their political party, and ultimately the...

 Gunnar Knudsen

Gunnar Knudsen

Gunnar Knudsen , born Aanon Gunerius Knudsen, was a Norwegian politician from the Liberal Party who had two spells as Prime Minister of Norway from 1908 to 1910 and from 1913 to 1920...

 when he merged his shipping companies and listed on the Oslo Stock Exchange

Oslo Stock Exchange

The Oslo Stock Exchange serves as the main market for trading in the shares of Norwegian companies. It opens at 9:00am and closes 5:30pm local time...

ten years later.