Christen Ager-Hanssen height - How tall is Christen Ager-Hanssen?

The attempted boardroom coup at Johnston Press was thwarted by a controversial “poison pill” defence. Ager-Hanssen branded Johnston Press’s dead hand proxy put “a grotesque abuse of fiduciary duty”. Johnston Press is believed to be the first example of an activist coming up against such a poison pill in the UK. Ager-Hanssen commented on the poison pill in The Telegraph: The poison pill cynically deprives shareholders of their fundamental right to change the board as they see fit. That power has been stolen from them. This is nothing short of corporate theft of power in which only the directors can decide who replaces them. The board seeks to play shareholder and bondholder interests off of one another in the hope that the balance of power can remain in the hands of a few cozy fat cats. In the beginning of May 2018 the CEO of Johnston Press, Ashley Highfield stepped down and Ager-Hanssen declared that he now would increase his stake in the 250-year-old publisher.

Ager-Hanssen´s Investment Company Custos acquired Metro (Swedish newspaper) from Investment AB Kinnevik in February 2017. Swedish Metro was the original disrupter in the media Industry and The world’s first free newspaper launched as early as 1995. Metro is today the biggest newspaper in Sweden and the company have interests in music, fashion, recruitment, health, E-sport and loyalty programs. At the time of the acquisition, Ager-Hanssen was quoted "All of Metro’s business culture is based on surprising the market and doing business that shake up the industry, this fits perfectly with our ambitions in the media sector"

In August 2017 it was reported that Ager-Hanssen whose private equity firm Custos Group owns the Metro freesheet in Sweden (Swedens biggest newspaper) had acquired a strategic stake in the 250-year-old publisher Johnston Press plc with the plans to use their digital assets in the same way as Metro, bartering exposure online for equity in start-ups.

Johnston Press plc owns titles such as i (The i Newspaper is a National Newspaper in United Kingdom. It represent 20% of the quality news in the country.), The Yorkshire Post and The Scotsman.Johnston Press is a leading multimedia business in UK with news brands that reach national, regional and local audiences. The Group have a portfolio of hundreds of publications and websites. Ager-Hanssen revealed his plan to use Johnston Press audience of more than 32million people to help kickstart new ventures. In October 2017 it was reported that activist investor Ager-Hanssen had become the biggest shareholder in Johnston Press plc and that he planned to oust the board and the CEO. Alex Salmond former first minister in Scotland was according to the press lined up to become chairman of Johnston Press in an audacious plan to shake up its board. Ager-Hanssen demanded new management, more investment in journalism and a revamped digital strategy.

Ager-Hanssen is a former Investment AB Kinnevik Group Executive and recognized as an Internet commercialization pioneer. Investment AB Kinnevik is an Investment Company with over 75 years of entrepreneurship and Group companies had a combined market capitalization of SEK 175bn in November 2012

Ager-Hanssen and Porter continued to invest in the Leisure industry and acquired a strategic stake in one of the leading Scandinavian travel agencies and the publicly listed company Ticket and changed the board through an hostile takeover. Ticket was divested in 2008.

In 2007, FlyMe acquired a strategic minority stake in GSS with the plan to become the first airline in the world to produce low cost long haul flights from Scandinavia to US and Thailand. Global Supply System was divested in 2009.

Ager-Hanssen and Haraldsson continued the consolidation discussion with FL Group's CEO, Smárason and FL Group's majority owner Baugur represented by Icelandic Billionaire Jón Ásgeir Jóhannesson. The plan was according to the press for Sterling Airlines to do a so-called reverse takeover based on a valuation on Sterling Airlines A/S of DKK 2.0 Billion. After a short pre due diligence of Sterling in June/July 2006 the board of FlyMe and Ager-Hanssen decided not to proceed with the acquisitions of Sterling.

The decision not to acquire Sterling disturbed Haraldsson and Smárason's take-over plan and they got very upset. The decision not to acquire Sterling made it impossible for Ager-Hanssen/Porter to continue a business relationship with Haraldsson and in September 2006 they acquired Haraldsson's shares in FlyMe Europe. This led to a battle between the airlines with no winners. The battle was described in detail in the press.

In 2005 Ager-Hanssen and Porter invested together in the airline and travel industry. They acquired among others a controlling stake in the close to bankrupt publicly listed company FlyMe Europe AB (FLY-B.SK). FlyMe Europe was a low-cost carrier based in Gothenburg with an aim to become one of the leading low-cost carriers in Europe.

In late 2005, Haraldsson accepted an offer from FL Group ehf to divest his holding in Sterling Airlines(the merged entity of Sterling European Airlines and Maersk) for DKK 1.5 Billion. FL Group, led by Hannes Smárason,had at the time a 16% strategic holding in the second largest low-cost carrier in Europe, EasyJet as well as holdings in American Airlines.

Ager-Hanssen invested in 2005 together with his business partner John Robert Porter in Nordic Oil. Nordic Oil was chaired by the founder and former CEO of Statoil, Arve Johnsen. The company aimed to expand both upstream and downstream. Some of the asset of the company included 105 gas stations in Sweden branded Pump and a lubricant retail business in Scandinavia . In 2006 Nordic Oil signed a deal with the Hinduja Group to re-establish the Gulf brand to the Scandinavian Market with a plan to rebrand all of its gas station. Ager-Hanssen and Porter divested the business in 2007.

Mail on Sunday described Ager-Hanssen in 2001 after the Dot-com bubble as a man that lost a fortune on the bubble. In many articles in Scandinavia,US and UK, he was portrayed as a visible symbol for the bubble

Ager-Hanssen and Porter also had a controlling stake in the English-based freight operator Global Supply Systems (GSS). GSS was launched in 2001 as a British all-cargo carrier whose principal business was providing aircraft on long-term leases to other airlines on an ACMI (Aircraft, Crew, Maintenance, Insurance) basis. Global Supply Systems was joint venture with Atlas Air Worldwide. Atlas air is operating the world's largest fleet of modern Boeing 747 all-cargo aircraft and was a 49% partner in GSS. In 2007 Porter and Ager-Hanssen's GSS signed a 5-year contract with British Airways (BA) which at the time was described as the largest-ever freighter investment made by BA with total operating costs of over $1 billion. Porter and Ager-Hanssen controlled 51% of GSS through Riverdon Ltd.

Early 2000, just before the Dot-com Bubble burst, Ager-Hanssen choose to divest his shares in the Joint Venture with the Pension Fund. The profit from the divestment was used to fuel his investment activities. The National Pension Fund was not so lucky with the timing and lost more than MSEK 350 on the investment in the Joint Venture. Their lack of competence was criticised lengthily in the Swedish press and the Fund tried to escape the spotlight by blaming Ager-Hanssen. The story was front page news in all major Swedish Newspaper Later the same year NetSys Technology Group was valued to more than MUSD 388.

Cognition was valued by HSBC in beginning of 2000 to approximately 1 Billion GBP and planned for an Initial public offering (IPO) on London Stock Exchange. The company never floated because of the Dot-com bubble.

Ager-Hanssen has been a very active and profiled stock trader/investor on the Swedish stock exchange with investment in many blue chip companies. In 1999, Dagens Industri described him as a stock trader who made huge profits from being a brilliant stock trader rather than making profit from his own investment portfolio. His investment portfolio was at the time valued at SEK 1.7 Billion.

In early 1998 Ager-Hanssen made a bid for NetSys Technology Group including Webware and Polarsearch together with the National Pension Fund of Sweden. The bid was successful and ended up with Ager-Hanssen controlling 60% of the company through a new established Joint Venture with the National Pension Fund of Sweden. Kinnevik and other shareholders made a successful exit. In June 1998 Ager-Hanssen made a successful hostile cash bid on the publicly traded company Verimation AB. The bid was MSEK 120 and Ager-Hanssen thereafter delisted the company and integrated the business into the Joint Venture with the Pension Fund. Verimation had developed one of the first email systems in the world branded as Memo. Memo had at the time approximately 2.5 million end user client and was well established among Fortune 500 companies.Later the same year NetSys Technology Group was valued to more than MUSD 388.

Late 1998, Ager-Hanssen founded a Venture Capital company called Cognition where he organised most of his internet related Investment. He employed several high profile individuals among others Ulf Sundqvist, former trade minister in Finland and Mrs Gillian Nott a former Financial Service Authority director. As non-executive chairman he appointed Ron Sandler who was the former Lloyd's of London chief executive and also a former NatWest executive. and Gillian Nott a former Financial Service Authority director. Sandler commented on the appointment in Financial Times

Ager-Hanssen works with blue-chip executives, politician and billionaires such as John Robert Porter, son of Tesco heiress Lady Shirley Porter - a man who had made a fortune from Demon, Britain's first internet provider as well as from his divestment of Verifone to Hewlett Packard in 1997. Ager-Hanssen and Porter have several business interest together and have been business partners since the late 90s.

Ager-Hanssen is also known for his insight on the Internet Industry and pioneering work in the movement to commercialize the Internet in the first and second part of the 1990s, including early experiments with search engines for the internet, Internet Infrastructure such as early experiments on Satellite Internet access, legal music distribution on Internet¢¢, Internet as the new desktop, Banking and financial services offered on the Internet, e-mail advertising, contributions to the development of the banner ad, practical applications of pay-per-click advertising. Ager-Hanssen is a Venture Capitalist investing in potential unicorns and media companies through his investment vehicle Custos. He is the owner of the biggest newspaper in Sweden, Metro

In the early 1980s Ager-Hanssen was employed by different blue chip computer technology companies such as Burroughs, Digital Equipment Corporation and IBM. Later in the beginning of the 90´s, Ager-Hanssen became a recognized speaker in the field of Business Process Reengineering and Legacy Information Systems impact on organisations and society.

Christen Eugen Ager-Hanssen (born July 29, 1962) is a Norwegian Internet Entrepreneur & Venture Capitalist and since late 90s based in London according to the press. He is a highly controversial Venture Capital & Private Equity professional. Ager-Hanssen has been involved in several high-profile M&A deals and has a special taste for public hostile takeovers. In a cover story in Canadian Business, Canada's leading Business Magazine, Ager-Hanssen was described as Gordon Gekko and a modern-day Viking. «In an age of 37, Ager-Hanssen rose from obscurity to become Norway's richest son, worth more than $2.5 billion in early 2000».

Christen Ager-Hanssen was born in Halden, Norway. He is son of Norwegian Industrialist and nuclear physicist Henrik Ager-Hanssen (1930-2004) and politician Bjørg Ager-Hanssen. He grew up in Halden, Oslo and Stavanger and later moved to Sweden where he started working for IBM and Kinnevik in Stockholm.